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What does the future hold?

24 Feb What does the future hold?

Posted at 10:42h in Cryptocurrency News by

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Blockchain in India has had an interesting, albeit slightly paradoxical journey. On the one hand, the technology has seen great support from the startup ecosystem as well as the Indian government. On the other hand, cryptocurrencies have faced huge regulatory hurdles in India. Though not banning cryptocurrency outright, the Reserve Bank of India (RBI) has issued a directive that essentially forbids regulated entities like banks from getting involved in crypto transactions. The RBI justified the restrictions, which forced some crypto exchanges out of business, as being necessary for protecting banks from the risk of trading virtual assets.

So what does the future hold for blockchain in India? Here are the top predictions and trends to watch for in 2020:

From experimentation to use cases

The last two to three years have been all about proofs of concept and pilots when it comes to blockchain projects in India. But in some sectors at least, things are moving toward large-scale…

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