Crypto bank opens physical location in India's capital as potential regulatory ban looms

[newshunter]

Crypto bank opens physical location in India's capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.

Source: Crypto bank opens physical location in India's capital as potential regulatory ban looms

Would appreciate your opinion about this

[Bobcrypto]

In my opinion, India Parliament may not succeed on the proposed ban because a very large population of Indians has embraced crypto and the proposed date by the Parliament will end unsuccessful. The first law suit to han bitcoin hit the rock and this current Parliamentary debate will likely end in the same way. Let watch how this drama plays out.

[TomPluz]

Or maybe Unicas is projecting that eventually there can be no real ban and what can come out from the parliament of India is a stricter regulatory framework where cryptocurrency business can still be allowed, but things are to done in compliance with the approved rules. India is a big market and its loss can be sending a strong shockwaves to the whole crypto industry and its official opening to cryptocurrency can be sending a lot of positive force all over. Let's hope that legislators in India will realize of the potential of this market and learn how to use it to their big advantage.