Indian cryptocurrency developers have started rolling out new mobile apps after the country’s Supreme Court ruled on blockchain technology. This court ruling overturned laws that previously prohibited banks from providing services to cryptocurrency traders and companies.
A growing interest in the Indian cryptocurrency market
B21, an investment company for digital assets, recently launched its own blockchain app for the investment portfolio as soon as the legal changes became known. They claimed that the announcement of the Supreme Court of India “It has sparked renewed interest in investing in digital assets and increased trading volume in the country.”
Talk to Cointelegraph Nitin Agargarwal, Founder and director of, B21commented the potential of the technology market in India after the Supreme Court decision::
“The decision in India has helped us to focus on partnerships and marketing in India as we see a large population that knows about smartphones and also a large class of emerging investors who are looking for investment opportunities that they did not previously have Were available. ” .
Will cryptocurrencies remain legal in India?
The founder of. B21, I announce that India has “a lot” to contribute to the development of crypto assets and the emerging blockchain ecosystem.
However, The Supreme Court decision on cryptocurrencies in India could continue to be challenging. Cointelegraph reported on June 12 that The Indian Treasury has proposed banning cryptocurrencies on the subcontinent.