Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

[newshunter]

Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

Unperturbed by persistent threats of a renewed crypto crackdown from lawmakers, Indian investors have piled $38.8 billion into cryptocurrency over the past year.

Source: Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

Would appreciate your opinion about this

[Alcor]

The citizens of India are probably already tired of this uncertainty with the cryptocurrency in the country on the part of their legislators and government for years, while cryptocurrency is generally accepted and freely circulated around the world. Taking into account the fact that about 40 billion dollars have already been invested in cryptocurrency, it will already be quite difficult for the government of India to ban the circulation of cryptocurrency in the country in the future. It may already provoke massive street protests.

[Bobcrypto]

It is just a matter of time before all uncertainty may disappear from India. I think the government have not been able to really get a good forecast about the benefits of Bitcoin in the economy. The government of India are not sure of the benefits of BTC, and basically not "cold or hot" due uncertainty (FEAR) of any economic outcomes in the future.
In a nutshell, many nations are already afraid of Bitcoin dominating the fiats usage, but despite these various crakdowms, BTC is going moon no doubt!