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We all know the supreme court of india uplifted the ban for Cryptocurrencies in the March 2020, but the impact of that act is just remarkable. In the month of march, the value of bitcoin is around 3 lakhs now the now the has rises to nearly 8 lakhs that act along with COVID-19 lockdown bring unbelivable growth of Cryptocurrencies in India.
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Tremendous Raise in Crypto - Rupee Volume in India
We all know the supreme court of india uplifted the ban for Cryptocurrencies in the March 2020, but the impact of that act is just remarkable. In the month of march, the value of bitcoin is around 3 lakhs now the now the has rises to nearly 8 lakhs that act along with COVID-19 lockdown bring unbelivable growth of Cryptocurrencies in India.
Many Indian Youngsters crowded in the Cryptocurrency Exchnages and there is a notable raise of Indian sign ups in the Cryptocurrency exchanges as well as in tradings. Popular Crypto Exchanges Binance and Paxful announces regarding the increase in Crypto trading in India.
In 2018, after the ban, people hesitate to buy virtual currencies as banks would not mediate the transactions. Yet some exchanges adopt P2P transaction methodologies. Now this kind removal of ban, let banks to be the part of it, obviously people’s trust and interest towards Cryptocurrencies increases.
Raguram Rajan, former governer of RBI said that, Cryptocurrencies could have a role to play in a world in which central banks issue their own cryptocurrencies
Now people not only wants to buy Cryptocurrencies, Some Cryptopreneurs wants to build Cryptocurrency Exchanges, as this is the promising business model in 2020. It is actually doable with Cryptocurrency Exchange Script. This Script let you build any crypto exchange based on your business requirements.
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