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Is there a Bitcoin tidal wave in India really?

 



Bitcoin is a popular cryptocurrency known all over the globe. The foremost cryptocurrency was founded by a mysterious figure named Satoshi Nakamoto. It made its first operational launch on 3rd January 2009. Since then it has been through many highs and lows due to its vulnerability to volatility. If you follow the crypto news daily, then you must be knowing the epic rise in the regular processing of transactions in Bitcoin which was 650K in July. 


Does India allow Bitcoin trading?


Is Bitcoin allowed in India, is the question that comes to mind for every new crypto enthusiast. Well, let me tell you Bitcoin has been a favorite among merchants and investors owing to its global fame. Now the question is whether this foremost cryptocurrency is welcomed well in India or not. According to WazirX CEO, Nischal Shetty, yes, there has been acceptance of Bitcoin in India also, not only in developed countries alone. However, some countries did not approve of giving it a legal status and have banned its use. 


Is it legal in India?


Yes, Bitcoin is legal in India, and people can practice trading, selling, or purchasing it. One can make a good choice by investing in this cryptocurrency. But the absence of regulations and government authority over it creates fear about its misuse among people. Hence, they are scared of using Bitcoin. Well, there is lots of stuff on the internet that unnecessarily creates fear among people. 


So study it, know it, and then invest in it. 


Cryptoknowmics

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