Published
4 years ago on
March 12, 2020
- As crypto starts to get its legs, the Supreme Court of India decided to lift the ban on crypto trading using banking services.
- Ever since this judgement was made, several players in the cryptocurrency industry have started to get more involved with their own investment plans in the nation.
As cryptocurrency started to get its legs, the Supreme Court of India decided to lift the ban on crypto trading using banking services. This turned out to be an extremely bullish decision for the ecosystem of crypto and blockchain in the country. Ever since this judgement was made, several players in the cryptocurrency industry have started to get more involved with their own investment plans in an attempt to solidify how they are seen in the nation.
After acquiring the Indian-based cryptocurrency platform WazirX, one of the biggest global crypto platforms, Binance was allowed to gain access to over 1 billion potential users in the world of cryptocurrency. On top of this, the crypto platform also based in India, CoinDCX announced this week that it had pledged more than $1 million to fund crypto-related education and product awareness in India.
According to the announcement by CoinDCX, the campaign is going to include several webinars, online courses and events for the community in a bid to increase awareness of blockchain and cryptocurrency. The CEO and co-founder of the exchange, Sumit Gupta has said the following:
“Only 5 million people in India currently hold cryptocurrencies—less than 0.5% of the population. We believe, however, that by educating consumers and combating negative preconceptions of the industry we can boost the number from 5 million to 50 million so that everyone can unlock the benefits of digital assets.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
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