I wonder if such developments will eventually lead to greater awareness and use of cryptocurrencies in India.
What do you think guys?
Eventually big companies will embrace Blockchain technology for thier own good. That doesn't mean that it would help Bitcoin or other cryptocurrency market in India. The market will only boom when our government stops thinking about Bitcoin as a gamble. Relates it to a bubble that will burst in the near future. Comes up with a regulation to safeguard individual investors. Reduces the tax slab and considers Bitcoin as a regular assets.
Already without any ground work they have implemented a 30% tax. That has resulted in big decline in volumes in Indian exchanges. If you can't understand technology hire someone who does, whereas our government is stiil working with babus who have zero clue.