Amidst the booming popularity of cryptocurrencies in the global market, India has been ranked second in terms of the adoption of cryptocurrency assets globally. It is as per a recent study by the blockchain data platform Chainalysis, which ranked 154 countries in the world, according to the rate of adoption of cryptocurrencies since the past year.
However, many of these crypto platforms are reportedly operating with limited banking access. So, India’s crypto industry is now waiting for the proposed cryptocurrency bill that was brought up by India’s finance minister Nirmala Sitharaman. It is currently awaiting approval by the ruling government.
