Is India Crypto Market Flashing Bull Run

[Hamzaal24]

The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation. Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.

[Alcor]

However, in India, there are still no laws regarding the legalization of cryptocurrencies, the establishment of its status and regulation in this country. First, the legislators and the government of India should decide on these mandatory issues, only after that it will be possible to determine the development of cryptocurrencies there. So, we are still waiting.

[Istiak]

That is a very uncertain place. Today they say this it's possible that the next day another lawyer will appeal against it court will again ban it. Also, I think the Indian govt has very little knowledge about crypto and how to adapt it to their economy. Their economy is already shaking any careless decision could be a bad move.

[Istiak]

WEEK 7      13.03-19.03
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[Jaguar]

Granted freedom cannot trigger crypto market into bull run. We have this idea that there are exclusive people manipulate the entire market. Assuming they are the cause why bearish and bull run happens. Exchange cannot start bull run because they are exchange no trading no profit.

[Senin]

The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation. Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.

In order for the cryptocurrency to be successfully introduced in India, it is necessary that it first be legalized in this country and the rules for its circulation are established. None of this is in India yet. Legislators and the government of India have not yet adopted any cryptocurrency regulations. Therefore, it is too early to talk about this in relation to India.

[masterrex]

Well, that Indian Supreme Court decision is considered floating because we know that the Indian Central Bank is against the proliferation of cryptocurrency in their country. until there is no such law that provides a clear status about the crypto industry in India, Still there is no guarantee on how long the cryptocurrency base companies can operate in India.

[Muneeb22]

The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation. Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.

Future of the crypto market in india is bright and i hope that soon in other countries will also legal it and that time all the crypto coins will go up so much and the BTC will touch the high level at that time.