cryptocurrences
Despite the Indian government's ambiguous stance on cryptosystems, cryptoworldwide is still growing. Start-ups such as WazirX, which aims at providing a user-friendly online trading platform for the local Indian community are also introducing newer concepts such as Non-Fungible tokens (NFTs). These new and upcoming protocols are designed to replace traditional currencies in Indian markets, paving the way for a more open and free market - one that would, once again, favor local currencies and their local economy. The first step towards the implementation of a cryptoworldwide-native solution is the recognition and acceptance of Cryptocurrency by the Indian government. For now, despite the government's talk of banning cryptocurrences altogether, this goal remains far off. However, the Indian authorities are taking wise steps to legitimize and legalize the trade of Cryptocurrencies in the country. This will, in turn, encourage more investors to participate actively in the trade of ...