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As cryptocurrency's usefulness kept rising in china and spreading through all of asia, india, as a country in the future, there is going to be a conflict between regulation and anonymity since several cryptocurrencies have been linked with terrorist attacks. Future of cryptocurrency in the absence of regulation and recognition by the government of india, the future of cryptocurrencies seems to be in a disarray. The cryptocurrency can be the bank for that section of the society. In india, we are using cryptocurrency since 2009 when bitcoin was started in the world. Cryptocurrency is the future of economical all over the world.
Cryptocurrencies like bitcoin and ethereum have indeed proven resilient. The indian cryptocurrency exchanges have founded a forum named india's digital asset and blockchain forum (dabfi), which agrees on the the government may be dreaming in the future about putting cryptocurrency under control by licensing. The panel made a clear distinction between the private cryptocurrencies and the official one which the government could issue in the future. The future of cryptocurrency and exchanges is very much up in the discussion right now. The platform saw up to a million users at the same time. The regulatory system want to demoralize the quick fortune mentality. Instead, the government plans to launch a new single cryptocurrency which will be. However, cryptocurrency isn't banned in india, but the court battle isn't over yet.
Another reason to believe that the future of cryptocurrency in india is bright is because of the fact that there are as many as 300 million people who are unbanked.
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