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Impact of COVID’19 on Cryptocurrency Trading in India

Unfortunately, there entered the biggest Pandemic named COVIDu201919 into India and spread over the country before the essence of this great news had reached.<br>

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Impact of COVID’19 on Cryptocurrency Trading in India

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  1. Impact of COVID’19 on Cryptocurrency Trading in India www.velcomex.com

  2. Introduction This 2020 is a remarkable year in the history of Indian Crypto enthusiasts, as we all know that on 4th March 2020 Indian Supreme Court has struck down the RBI Ban over Cryptocurrencies in India. Yeah ! It has been a historical day for every Indian Crypto enthusiasts. Unfortunately, there entered the biggest Pandemic named COVID’19 into India and spread over the country before the essence of this great news had reached.

  3. March – Being both Boon and Curse As Indian Supreme Court Struck down the ban for cryptocurrencies trading in India, that is issued by the RBI earlier. This news came as a bension for all Indian investors,business owners who all believed and invested in cryptocurrencies. Many business owners once left from crypto business has turned around and started investing in cryptos back again. As the first week of march going well in India, there stepped this gigantic virus known as Corona Virus in to India in the mid of March and driven all the Indians to a worse state.

  4. March – Being both Boon and Curse The entry of COVID’19 in India made all Indian people to stay at their home under quarantines. At the initial stage of its entry the Indian Government planned and implemented 21 days complete lockdown all over the nation with all industries shutdown their production & manufacturing.This impacted a huge loss in the financial economy of India. Even Though Indian Government had taken preventive steps to cutdown the strike of financial state of India during this COVID’19 lockdown.

  5. Cryptocurrency sounds heavy even in this crisis Even on this Pandemic situation,Crypto lovers in India and all other countries have a keen eye on the potential impact of the price of each cryptos of their interest and constantly making trading through online exchanges by safely sitting at their home. Keeping this COVID’19 topic aside and looking into the move of Supreme Court towards Cryptos is still being celebrated by many Indians. Many Indian-based crypto exchanges have had experienced the best economic hike in recent days.

  6. Cryptocurrency sounds heavy even in this crisis Pure Dapps which operates on public blockchain network fails to attract adoption of traditional applications. MakrDAO, the darling of Ethereum’s DeFi push user was under 13k in a 24 hour peak. Even Though the fact of India being preponderance of cryptos is unpredictable, the beginning of the usage of Dapps in India creates a promising space for cryptocurrency and blockchain technology in India.

  7. Let us hope for a bright side of India with the usage of digital currency & blockchain technology soon !!

  8. Download our VelcomEx- P2P Cryptocurrency Exchange App now and starting trading cryptos !

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