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Lawrence McOchillo

Crypto trading in India


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Hi Lawrence, thanks for this very relevant question. The truth is that the decision by India's Supreme Court is a major win for cryptocurrency exchanges and users in India as it made it possible for users to deposit fiat currencies directly with the exchanges. Crypto usage in India is widespread and this decision will definitely boost crypto adoption and usage across the country.

However, the crypto industry still faces major headwinds across the globe as most regulators are yet to pass laws that aid in the mass adoption of cryptos. Most regulators are reluctant to authorise crypto-related financial instrument as exemplified by the US Securities and Exchange Commission (SEC)'s refusal to approve crypto ETFs.

The road ahead for the crypto industry is still full of roadblocks, but for crypto enthusiasts and early adopters, the industry offers major opportunities.

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