Crypto currency’s future turns bleak in India following the rumours of govt blocking IPs of crypto exchanges
Reports say India will block IP addresses of crypto exchanges to clamp down on trading
But this might be ineffective since trading can be done through VPN, P2P trading or cash to crypto trading
Homegrown crypto platforms fear this might affect legitimate players and promote black market
Currently, there are around 1 crore Indians trading or holding cryptocurrencies
The trade volume for cryptos exceed by Rs 10,000 crore by conservative estimates
