Post
Topic
Board Economics
Re: Will India be more progressive in the coming years?
by
AniviaBtc
on 23/03/2020, 05:12:06 UTC
One good news from this article of : https://cointelegraph.com/news/tim-draper-wants-to-invest-in-the-coming-crypto-renaissance-in-india

Quote
Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry.

On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector.

India as the 2nd biggest in terms of population, being positive with crypto might do something positive in with their economy in the future.

What do you see years from now that India will achieve due to this declaration of lifting the ban of cryptocurrency?

India will surely improve its economy as more years will come. They are just already started and long way to go, it is more likely that they will develop their state of living. In China, as they are the most populated country and India is just second to it, there is a possibility that India will also improve its mass adoption. Mass adoption is one of the most important thing in cryptocurrency. Being optimistic about other countries' success are very essential to grow a communication between each other. Let's hope for more country to legalize bitcoin just like India to promote and have more population who uses it. After lifting the ban of cryptocurrency in India. The probability of mass adoption around the world will increase as those populations who are knowledgeable about crypto are also increasing.