India vs. the people: The battle over cryptocurrency ownership continues
Growing Public Support In India.
This call for a more informed approach toward cryptocurrency has found massive support across the board. #IndiaWantsCrypto — a social media campaign for positive cryptocurrency regulation — is well over 300 days old but continues to see a growing following. There also seems to be a growing demand for cryptocurrency investing in the country, particularly among high-net-worth individuals. A survey by the Hurun Research Institute shows that as many as 9.6 percent of Indian high net-worth individuals said that they would increase their cryptocurrency investments in the next three years.
Then there are the cryptocurrency exchanges, the entities that are the most affected by this environment of uncertainty. While some have bowed to the inevitable and closed down, others continue to innovate. CoinDCX, one of India’s top crypto exchanges, already offers a suite of services, including a P2P platform, margin trading in more than 200 markets, and cryptocurrency lending. Now, it has partnered with Australian crypto trading platform Koinfox so that its users can access advanced trading tools like risk-management strategies and algorithmic trading.
WazirX, another crypto exchange, has recently launched a Smart Token Fund program. This is a community-driven initiative where cryptocurrency enthusiasts can connect with more advanced traders who can trade with their funds in return for a percentage of the profits. Find The Full Story Here
