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Despite legal uncertainty in India, Indian investment in digital currencies has increased by 19,900%


The Indians have invested more than $ 38.8 billion over the past year, despite constant threats from lawmakers about new digital currency restrictions.

to the the report Despite India’s precarious regulatory environment for digital assets, Indians have increased their investment in digital currencies by about 19,900 percent over the past year.

Despite legal uncertainty in India, Indian investment in digital currencies has increased by 19,900%

With new peaks in the digital currency market, investment in the digital currency market grew dramatically by mid-2020, according to data released by Bloomberg yesterday.

Chinalis estimates that about 15 million Indians have entered the crypto basin, and Indian investment has risen from $ 200 million last year to $ 40 billion this year.

The data show that the Indian Supreme Court’s decision in March 2020 to lift the ban on financial institutions providing financial services to companies working with digital assets had a positive impact.

However, this has not been a smooth path for the crypto sector in India as the Supreme Court announced an RBI ban last March, and lawmakers have repeatedly threatened to impose laws restricting digital assets over the past 15 months.

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