Since, the entire country is on lockdown, and mostly all of us are working home, I was thinking a few things -
It has been almost 1 month since Supreme Court struck down RBIs order banning Financial Institutions providing services to businesses dealing in Cryptos in India. This was expected to create a favourable environment for Cryptos in the country.
1) After this judgement has there been increase in active accounts on Indian Crypto exchanges like WazirX, Unocoin etc? What I have read there used to be around 50 Lakh active accounts before April 2018 RBI ban which fell to around 17 lakh during the ban.
2) Is there a change in volume on these Indian exchanges and more people actively trading/investing now considering that return on other Asset classes is not great.
Does anyone have any information on the above data points or how can we look up this information.
Thanks
As we know indian government file the rit against cryptocurrency regulations since 2019 quarter one and most of the Indian exchange move on and stablished out of India like zebpay and wazir exchange and they launched and upgrade more after the pendamic by government but still exchange has been gradeup so there is no doubt that there will be any problem we can face in cryptocurrency in India ..
Due to covid-19 government is very under loss so he can take any strict action on that only for the big money due to increase economy .