Cryptocurrency gains traction in India as Shiba Inu and Doge sees massive surge!

 

India, the worlds fifth largest economy, leads in cryptocurrency adoption for second year in a row. Despite the country’s RBI formerly instigating a chokehold on cryptocurrency with its steep taxes
and debilitating regulations in 2018, India is now leading the way in global cryptocurrency adoption. Some of these rapid changes are accounted to India’s Security and Exchange Board (SEBI) lifting some of the RBI’s
regulatory roadblocks in 2020 and 2022, making a marked more friendly and safe to crypto investors. The new regulations spawned a wave of confidence in key players in both India as well as the global cryptocurrency market,
and much of the reason for Indias leading role in crypto is attributed to Indian banks now enjoying the freedom to interact with players in the crypto world on a vast level, including the increased confidence and safety of
investors following implementation of the friendlier regulations. While the government still follows directives to supress foreign crypto exchanges like Binance and KuCoin, the local crypto exchanges experience huge growth
in popularity, with many seeing astounding popularity arise around newly listed foreign meme-coins Doge and Shiba Inu.
$BTC $DOGE $SHIB



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