India’s Crypto Roadshow – The March towards a Crypto Friendly Country

Amrit Mirchandani

March 4, 2019

Crypto enthusiasts in India have been battling the legal system of the largest democratic country in the world to ensure that cryptocurrency regulations are clearly specified. With almost a year of delays and the last deadline of 4 weeks by the Indian supreme court for the government to confirm cryptocurrency regulations, crypto lovers will be taking to the road to make their voice heard.

Nischal Shetty, the founder of WazirX, has undoubtedly motivated the crypto lovers of India to march on the road with his countless tweets and numerous reasons why blockchain and cryptocurrency are essential. WazirX is a peer to peer cryptocurrency exchange that has propelled during the tight cryptocurrency regulations and showcased that cryptocurrency is here to stay even if the laws are stringent.

Blockchained India – Organizers of the Campaign

The march is organized by Blockchained India which is one of India’s largest Blockchain communities. The plan includes townhalls, and roadshows in the four largest metro cities of India which include Delhi, Mumbai, Bangalore, and Hyderabad.

The schedule is as follows-

  • March 2 – Delhi
  • March 9 – Mumbai
  • March 16 – Hyderabad
  • March 30 – Bangalore

Registrations are open, and each event will last for a good three hours between 5 PM to 8 PM.

India’s Crypto Enthusiasts

The Co-Founder of Blockchained India, Akshay Aggarwal has outlined that 30-40 companies have signed up as speakers, and is expecting more than 1800 people to participate in these events.

India notably known for being the hotspot of outsourced IT-related jobs has shown significant participation in the cryptocurrency scene.

India Dapp Fest, which is organized in May 2019 showcases India’s open cryptocurrency culture, and it’s vision for the digital currencies to be the future.

India Losing Opportunities in Crypto Space

If India’s government keeps a closed mind on fintech in terms of cryptocurrency, they will lose out on plenty of long term opportunities. Many countries are already sensing India’s scope and have invited Indian companies to partake in their cryptocurrency spaces.

The Central Bank of Bahrain for example have invited Indian firms, to explore fintech opportunities in the space of Blockchain and Cryptocurrency. Along with this the EDB which is the investment promotion arm of Bahrain has already signed a Memorandum of Understanding (MoU) with one of the states in India which is the Maharashtra state’s government to provide a framework for co-operation in the fintech field.

India’s decision on cryptocurrency and the final cryptocurrency regulations is quite an important chapter of Cryptocurrency mass adoption given that India has a growing population of over 1.3 billion.