Cryptocurrency Q&A Why is the bitcoin P2P market so high in India?

Why is the bitcoin P2P market so high in India?

Dario Dario Fri Dec 13 2024 | 7 answers 1453
In India, the Bitcoin P2P market is surprisingly high. I'm curious about the reasons behind this trend. Could it be due to specific policies, demand, or maybe technological advancements in the country that are driving this growth? Why is the bitcoin P2P market so high in India?

7 answers

SamuraiCourageous SamuraiCourageous Sun Dec 15 2024
The Indian Supreme Court's recent ruling has had a significant impact on the cryptocurrency market in the country.

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Tommaso Tommaso Sun Dec 15 2024
Prior to the ruling, the Reserve Bank of India (RBI) had imposed a blanket ban on crypto, causing uncertainty among investors and traders.

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BusanBeautyBloom BusanBeautyBloom Sat Dec 14 2024
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Chiara Chiara Sat Dec 14 2024
However, the Supreme Court overturned this ban, leading to a surge in the Bitcoin P2P market in India.

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BonsaiVitality BonsaiVitality Sat Dec 14 2024
The decision has opened up new opportunities for crypto enthusiasts in the country, allowing them to freely buy, sell, and trade digital currencies.

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