RATE Group | SC lifting ban on cryptocurrencies to boost Indian businesses, jobs: IIITM-K
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SC lifting ban on cryptocurrencies to boost Indian businesses, jobs: IIITM-K

05 Mar SC lifting ban on cryptocurrencies to boost Indian businesses, jobs: IIITM-K

Posted at 19:00h in Cryptocurrency News by

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Thiruvananthapuram, Mar 5 (UNI) The order of the Supreme Court lifting the ban on trade in cryptocurrency will open up huge opportunities for a spectrum of enterprises in India including startups and organisations in the blockchain space as the country can emerge a preferred destination in cryptocurrency-enabled businesses.

The SC decision on Wednesday striking down curbs in trading in cryptocurrency, imposed by Reserve Bank of India (RBI) in 2018, will prove to be a boon to the Indian economy, attracting many organizations/start-ups in the blockchain space to work on crypto-related projects and token markets. Capitalising on this opportunity, India can become a preferred destination for crypto-currency enabled investors, entrepreneurs and new business initiatives, a press release said here on Thursday.

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