The National Buzzword: Journey of Cryptocurrency in India

Rumbling around for a decade of acceptance and non acceptance Cryptocurrency has covered a long journey from being illegal to being declared legal by the honourable Supreme Court of India. Covering the major aspects of its journey, in this article we will get:

A brief overview of cryptocurrency.

Current scenario in India.

Brief abouts its rules and regulation in India.

Best Crypto currency service providing company.

Cryptocurrency is an innovative medium of exchange for online purchasing. Diving a little into its functioning, its use involves cryptography. A distributed ledger technology is used to maintain all the transactional data for each and every cryptocurrency in a database, which is used publicly. 

Current Scenario in India → 

Not a very long time back, The supreme Court of india overruled RBI’s ban on cryptocurrency in the nation. This enabled and eased Indian business to trade in the form of cryptocurrency across the globe. On this decision, NASSCOM tweeted “We welcome the Supreme Court’s decision to lift RBI’s ban on trading in cryptocurrency. We believe that banning tech is not the solution, and a risk-based framework must be developed to regulate and monitor cryptocurrencies and tokens”

Cryptocurrency rules and regulations in India → 

Cryptocurrency rules still aren’t set up in the country which deprives its traders and investors off various risks. Below mentioned are the risks which the investors and traders are prone to without the rule                                                                                                                                                                                                                      

• High risks for the retail investors.

• Extremely dangerous volatility for the economy of a developing country.

• Lack of technological regulations lead to funding dangerous organisations like terrorist organizations.

Considering all the eases, current scenarios and the risk factors involved in trading of cryptocurrency, W3villa comes up with solutions that ease your worry of Crypto currency trading and development. W3villa’s cryptocurrency service bucket provides you:

1. Crypto Payment Gateway services that come with instant confirmation of any on site transactions.

2. Cryptocurrency wallet development that offers Decentralized Wallet to assist you in boosting your business with faster transaction rates.

3. Cryptocurrency development services that make your transactions safer with least possible chances for frauds.

4. Cryptocurrency Exchange development services to ensure a brilliant exchange platform development that helps you in a longer run.

Hello! I am Alpana, SEO Content Writer at W3villa Technologies Pvt. Ltd. I have gone through various blog topics about Cryptocurrency Development and consultation Services providing firms. It is only after gaining an idea about the right information to be delivered to the readers that I am here with this article. Hope you like it and find it helpful.