RATE Group | How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Pote…
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How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Pote…

How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Pote…

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How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Potential

Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their customers. But what about those who prefer to continue doing business their own way, and privately? This post takes a look at the state of the dark web in the world’s second most populous country, and where it may be heading.

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

India Ripe for Crypto Proliferation

With a population approaching 1.4 billion, second only to China, the world’s most populous democracy is also becoming a hotbed of tech and startup development. Research and consulting group McKinsey Digital notes that “India had 560 million internet subscribers in September 2018,…

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