RATE Group | Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban
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Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban

11 Mar Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban

Posted at 12:18h in Bitcoin News by

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Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban

India has become increasingly attractive to new crypto businesses and investors from all over the world now that the supreme court has lifted the banking ban. Some companies are expanding operations into the Indian market while others are investing in the country’s crypto ecosystem.

Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency

Businesses Expanding Into India

After the supreme court quashed the banking ban imposed by the central bank, the Reserve Bank of India (RBI), a number of companies worldwide have expressed their interest in the Indian crypto sector.

Global bitcoin exchange Kraken announced on Monday its recommitment to the Indian market. The San Francisco-based company, with offices in several countries, explained that its growth in India had been limited by the RBI’s 2018 circular which prohibited banks from opening accounts for crypto exchanges. Kraken has…

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