In light of last night's FUD about a "Bitcoin ban" in India, I decided to break down some recent positive developments in India regarding Bitcoin adoption.
- In March, India's supreme court lifted an anti-Bitcoin ban imposed by its central bank
- Since then, several new fiat onramps have been funded or launched in India
- Binance and OKEx are starting to focus on a fiat onramp for India as well to compete with local exchanges
- Over 5 million people in India own Bitcoin or other cryptos
I wrote more details here on why this matters, and why last night's news is simply just FUD. Hope you guys find it informative!
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