Connect with us

News

Indian Lockdown Increase Crypto Trading Due To COVID19

Published

on

Indian Lockdown Increase Crypto Trading: The whole world is following a lockdown at the moment due to coronavirus.

In India too, the entire Lok Down has been declared for the last few days, this situation will remain for 21 days in India.

Despite all these circumstances, a very good news has come out in the context of cryptocurrency investment from India.

Since the lockdown start people start investing in cryptocurrency. A significant increment in crypto exchange signup has see in past few days.

Why Indian Lockdown Increase Crypto Trading

There are 2 big reasons for this.

  1. People are locked at home and they are thinking of cryptocurrency.
  2. The Supreme court allows cryptocurrency in India.

1. People are locked at home and they are thinking of cryptocurrency.

Crypto currency cannot be restricted by any country’s borders. Today, when the whole world is facing economic slowdown due to Coronavirus.

In such a situation, people are getting to know the value of cryptocurrency. People are understanding how we can protect ourselves in the coming times by using cryptocurrency.

The crypto currency is not affected by the economic system of any country. There is no interference from the government of any country.

Today we see that big companies are going through economic slowdown due to Coronavirus.

The company whose stock was earlier sold for ₹ 1000 is selling 600 or ₹ 700 today. All this is happening because all countries control their companies.

But due to the new control of a country on cryptocurrency company, it is completely safe.

2. The Supreme court allows cryptocurrency in India

Another reason behind this is that people in India are investing more money in cryptocurrencies.

That cryptocurrency has been declared fully legal in India. As per the Supreme Court order, the Reserve Bank of India has lifted the ban on cryptocurrency.

Also, Read:

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending