Too Long; Didn't Read
The Indian cryptocurrency ecosystem is still under development and is gradually evolving in terms of exchanges, media, and news coverage dedicated to this space. While the total number of verified virtual currency users stands at 1.7 million in India, according to IAMAI, the global market size is pegged at $430 billion! WazirX, Incrypt Blockchain, and Unocoin are busy chalking up plans to revive and expand their business in the coming months in India. The Supreme Court’s decision to overturn the stifling ban on banks from facilitating banking services to crypto exchanges got a new lifeline and direction for their resurgence.