Bitcoin crosses the $50,000 mark for the first time
Recently, companies like Apple Pay and Tesla have chosen Bitcoin as a payment option
Tesla bought $1.5 Billion worth of Bitcoin as part of investment strategy
After this, Bitcoin’s value jumped by 14% to as high as $44,000
However, Indian cryptocurrency startups are in the grey area after RBI banned trading cryptocurrencies
Indian govt aims to promote its official digital currency issued by RBI
However, certain exceptions to promote the underlying technology of cryptocurrency are allowed
