In light of last night's FUD about a "crypto ban" in India, I decided to break down some recent positive developments in India regarding crypto adoption.In March, India's supreme court lifted an anti-crypto ban imposed by its central bankSince then, several new fiat onramps have been funded or launched in IndiaBinance and OKEx are starting to focus on a fiat onramp for India as well to compete with local exchangesOver 5 million people in India own Bitcoin or other cryptosI wrote more details here on why this matters, and why last night's news is simply just FUD. Hope you guys find it informative!
Submitted June 12, 2020 at 10:12PM
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