Why India Has the Potential to Lead the P2P Finance Revolution By Cointelegraph

Why India Has the Potential to Lead the P2P Finance Revolution

India’s cryptocurrency ecosystem has been in limbo since the country’s central bank barred banks from dealing with cryptocurrency exchanges in 2018. As of March 4, the Supreme Court of India has done away with those restrictions on crypto, allowing the second-most populous country — and the most populous democracy — a path to digital-currency freedom. The lifting of the ban by the Supreme Court will open new opportunities for India in terms of investments, the economy and the market as a whole.

After the Reserve Bank of India restricted financial institutions from dealing with cryptocurrency, trade volumes fell significantly overnight. Some, such as BitTorrent creator Bram Cohen, believe this action created a lot of fear, uncertainty and doubt. Because the average person did not have sufficient knowledge to start trading with alternative platforms other than peer-to-peer exchanges, the Indian population wound up becoming a leader in P2P trading.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest…

Source Link