From Banning the blockchain currency to Re-opening the blockchain currency trading in indian market , let us to think about its positive growth. I remember how in 2018 , Indian Government had blanket banned cryptocurrency trading and any connection with indian banks which spread negativity and propaganda in whole country .
It also impacted , global market as China too started banning cryptocurrency and in last 2 years , cryptocurrency was never expanded in market cap from 3 billion .
In 2020, when the global economy is not performing well and declining in every aspect then crypto market seems not effected much and it shows continue growth and development in its basic fundamental .
India is completely now in adopting mode where every day some good news in trend which leading us to good vibes .As we know Supreme court rejected Reserve Bank of India petition to ban the cryptocurrency and finally Indian Exchange and Traders win the race to Adopt the crypto environment with wide opportunity .
Now Reserve Bank Of India also announced to let the bank deal with crypto trading exchange with limitless provision and connect India to crypto mainstream.This is really great news come up which can lead the market with more confidence and adopt it widely.
If we talk about China then DCEP coin is already in trial which is china centralised blockchain digital token backed by Chinese Yuan currency. So we can say , The Ban from blockchain and cryptocurrency is slowly getting disappear which will lead the market at highest pick at any time soon.
Canadian Multinational E-commerce Company Shopyfy.inc also has announced for crypto acceptance as payment which also will lead crypto to achieve 1 more winning badge to its bucket.
These all Good news will seriously put impact on market cap and hopefully we will notice this movement soon .
Resources:
https://cointelegraph.com/news/new-partnership-adds-crypto-payment-routes-on-shopify
