RATE Group | Top cryptocurrencies in India gain 10-50% after the SC verdict quashing RBI ban
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Top cryptocurrencies in India gain 10-50% after the SC verdict quashing RBI ban

04 Mar Top cryptocurrencies in India gain 10-50% after the SC verdict quashing RBI ban

Posted at 10:24h in Cryptocurrency News by

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  • WazirX Tokens have nearly doubled in value after the Supreme Court announced that it is now legal for Indian banks to deal in cryptocurrencies.
  • Other currencies like Chainlink and Substratum cooled off after the initial burst, but WazirX Token and Matic Network continue to hold strong.
  • International currencies like Bitcoin and Ethereum have not reacted to the news, but investors believe they will likely surge once the US markets open.

India’s top court struck down a ban on trading in cryptocurrencies by the Reserve Bank of India’s (RBI) today, March 4. These currencies which trade heavily on sentiment, rallied sharply today. WazirX Tokens have nearly doubled in value today, as the SC move will allow banks to participate in the cryptocurrency market.

In fact, some of the currencies rallied so much that a few investors are already booking profits from the surge, by selling. Others are betting on the market to pump more coin once the Indian currency gets introduced.

Immediately after…

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