Banning Crypto Could Lead To The Indian Market Plummeting By Billions?




Crypto-currency if banned in India could lead to the Indian market going down by an approximate amount of $13 Billion, experts say.

An analysis of the revenues that companies could generate if crypto-currency were legalized was made by the experts, which also had a premise of Indian-founded crypto-companies.

Per the sources, the analysis reflected that “as part of their total estimated revenue” in India companies could’ve generated $4.9 billion as on crypto-white papers, $2.1 billion from expert blockchain coders, $1.27 billion from content creators and $4.5 billion from miscellaneous jobs.

According to the experts it sure is quite a herculean and next to impossible task for India to ban the crypto-currency on such a mass level and they’d end up regulating it.

The government of India is on the task of banning and is deliberating it with quite some thought. It also is considering imposing sanctions on any crypto related dealings.

The government still has quite a detailed and elaborate reviewing to go through before they draft a proper legislation.

Despite all the reports and analysis displayed by the experts the government has quite a strong will to go with the drafting of the bill that bans the crypto-currency and associated dealings.