From a ban to a boom, is India coming around on bitcoin? With the famous (some would say ‘infamous’) cryptocurrency on a never-before-seen rally and seemingly on the verge of breaking its all-time peak, that is the big bucks question on the minds of many in India’s financial scene.
“(Supreme Court striking down RBI’s banking ban) definitely boosted crypto adoption in India. Our monthly trading volume has grown by 470 per cent since the removal of ban on crypto,” says Nischal Shetty, CEO of WazirX, a leading Indian crypto trading firm.
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