Entrepreneur Masterclass: Will Cryptocurrency Enthusiasts Be Able to Win India's Central Bank's Empathy? RBI crackdown is pushing entrepreneurs dealing with cryptocurrency to overseas hubs, what's does the future look like
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The expectations of millions of users got scattered when the Reserve Bank of India barred the entry of any entity or companies dealing in cryptocurrency.
The move came in favour of Indian consumers to protect their interest but left the investors, traders and crypto entrepreneurs in a spot. Following the move, the already battered prices of bitcoin dropped further in the international market and the Indian cryptocurrency market had to bear the brunt.
After the RBI crackdown, the Indian crypto users and an Ahmedabad-based cryptocurrency platform filed a petition in the Delhi High Court alleging the violation of Article 19 (1) (g) and 14 of the Indian constitution.
Entrepreneur India took this hard-hitting topic in its first-ever Masterclass with experts and entrepreneurs dealing in Indian cryptocurrency market to know whether the digital currencies have the potential to make a mark in India.
Our Associate Editor Aashika Jain heads a panel of bitcoin enthusiasts as they call for acceptance of the digital currency and make a strong case.
Take a look at the video uploaded above on what could be the future of Indian crypto market and will the central bank of India RBI get convinced for the legal regulation of bitcoin and other digital currencies in country.