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[Josemendez]

Amdist the uncertainty concerning crypto in India, Indian's have invested up to $38.8 billion within the past one year.

Data from blockchain analytics Chanalysis which was reported by Bloomberg on June 28, reveals that crypto investment in India began mid 2020 and has risen to a greater height despite rumours of possible regulation

 

[BusyCat]

No one in India literally cares about the possible ban of crypto. People sitting in home due to pandemic try to earn from various possible methods and crypto trading is trending for sure with lot of advertisements about trading sites in youtube. And the rise has been significant compared to last year.

 

[Wisdom01]

The citizens already have different options available even if there was a ban or not , that was why they were less worried about the crypto ban coming into place and kept on investing , since crypto is decentralised they could find a way out , and India were not really pressurizing for a ban since some of the info was not legit

 

[Josemendez]

The citizens already have different options available even if there was a ban or not , that was why they were less worried about the crypto ban coming into place and kept on investing , since crypto is decentralised they could find a way out , and India were not really pressurizing for a ban since some of the info was not legit

Exactly. For example cryptocurrency was banned in Nigeria but yet people still use peer to peer trading to carry out cryptocurrency transaction .

 

[Wisdom01]

Exactly. For example cryptocurrency was banned in Nigeria but yet people still use peer to peer trading to carry out cryptocurrency transaction .

That's it the citizens would always find options to get themselves out of difficult situation and that's what they are actually going to do , the ban is just a threat