Finally there's some light coming through on Cryptocurrency in India. The much awaited decision, though we know it may not be a final one and will be challenged again and again, but for now this news comes as a breather for Indians who have beem holding back in investing on one of the most lucrative investments.

The Supreme court of India ended the ban which was imposed by Reserve Bank of India 2 years ago on dealing in Cryptocurrency. This end is a big time relief and with it a lot of avenues will open up. The ban had most of the public refrained from dealing in Cryptos as there was a potential legal implication.
Just a month ago, in our circle we were having this discussion and my friends were completely NO only with the fear of facing a legal action and for sure no one wants to get into trouble with the systems. The exchanges which had just started then were forced to shut down. A lot of Indians are dealing in cash transactions but then again a sword was always hanging on top of their head. So finally this comes as a breather.

With this news there will be benefit for Indian Steemians also. In 2017 when I started with Steem, there was a big Indian community but as the ban came through in the last 1.5 years a lot of them stopped posting and visiting steem as it was getting challenging to liquidate. I am sure with this verdict people will want to get back and start accumulating Steem.

Also it is such a right time for this verdict. The bear market possibly coming to end, people still do have opportunity to make investments at the current values as we may not see these 4 digit values in the future times to come.

All said and done, Indians are very happy with this verdict. But still some chaos will be there. Banks may still have some regulations, specially for their employees.

Let's keep hoping for the good times to prevail in this space.

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Good News for Indians in Cryptocurrency

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