As an Indian who grew up in US, I would like to better understand how are cryptocurrencies and Blockchain technolgies doing in India.
Any insight on investments, mining, token sales, meetups, and the general interest level (both public and private sector) would be appreciated!
As far as bitcoin is concerned, Things are going in typical Indian fashion. Very few(0.0001%) understand actual bitcoin technology. Very few (0.000001%) understand what is cryptocurrency and how it works. Rest of people are in crypto just to take advantage of boom in bitcoin and alt crypto to make quick money.
You could notice the most (read all) crypto Exchanges or vendors operating in India are looting their customers by unreasonable premium difference in international price and local price. Again buy and sell price difference(aka spread) is ridiculously large. But again these greedy bast*** deserve it.
Hardly anyone declaring their crypto currency assets in their tax-declaration, causing govt to go berserk at anything that is related to the bitcoin and alternative crypto currency.
Major bitcoin fraud happened in India by SOB amit bhardwaj and nobody is filing a complaint against him or his fake company.
Yes, things are going really well in India with regards to the bitcoin and crypto.