A user asked Zerodha if their tagline “Invest in Everything” means they will be looking into allowing Crypto Trading soon? India has over a dozen cryptocurrency exchanges and the number has been steadily growing since the Supreme court judgment that quashed RBI’s Banking restrictions. It is only a matter of time before the big brokers of stock market take note and get involved in the business, atleast one would assume…
Posts published in “Opinion”
“Crypto-currencies created have fallen by the side as currencies. Most guys who launched crypto-currencies have shuttered their businesses. Bitcoin is the only real survivor.” – Former Finance Secretary Subhash Chandra Garg In his latest blog, former Finance secretary Subhash Chandra Garg writes about the need for Digital Rupee as the new generation of Money. He explains the history of Indian Rupee, how digital currencies came into existence, why (private) crypto-currencies…
No it has nothing to do with Bitcoin. You might remember Dr. Tausif Malik from our articles dating back to 2018. Indian-American Dr. Malik had launched Maharashtra – Blockchain Fintech ICO and Cryptocurrency in 2018 to train Dalit youth in Bitcoin Mining. The RBI Ring fencing, a soft ban on Crypto trading, eventually put a halt on that plan. Under these unprecedented times of a pandemic, migrant workers are bearing…
I grew up in a small city of Rajasthan with a modest upbringing. I went to a normal English medium school where Hindi was the official language. At school often the topic of debate was ‘Corruption in India’. I sometimes wondered why that was the case so often. But later when I got to fit into the economy and sort of figured out what I wanted to do after my graduation—the…
The headline, although clickbaity, is to the point. We will look at what we missed about Bitcoin’s price instead of analyzing the price movements in the hindsight. We will see how Bitcoin’s price is not correlated with the factors it is commonly attributed to. To recap the rollercoaster that the Bitcoin price chart is, we went from over $19,000 in 2017 to below $3500 in 2019. Experts called the bottom…
Essentially after the Supreme Court Judgment it appears, there is still need to develop more technical literature on the subject matter and therein lies an open opportunity to reBuild, reEducate, reIgnite, reMeet, reLearn from the previous experiences of successes and failures and build a more robust and engaging environment for non traders to enter, student to experience and tech enthusiasts to build in this Industry. The 2 year long skeptical…
Lifting of the ‘Banking ban’ on cryptocurrency in India by the Supreme Court has brought joy to crypto players, but some are asking to stay alert. Supreme Court of India quashed the Two year old circular by the RBI, which prohibited regulated entities from providing services to crypto businesses and traders. The news spread like wildfire in and outside India, as excitement runs high in the community. So how are…
Bitcoin is a difficult subject because of its many moving parts. It is polymaths in nature which means it is an amalgamation of things like Computer Science, Economics, Monetary History, Math, Politics. All ideated, tested, compressed and shipped for the 21st century and maybe beyond. This is simply too much for any sane individual to go around. Usually, you will find an individual has really mastered one or maybe two…
Today was indeed a monumental day for the crypto community in India as Supreme Court squashed the 2018 RBI circular as it fails the Test of Proportionality. This circular had prevented crypto exchanges from opening bank accounts to accept or make customer deposits. Reeling under this pressure a number of exchanges had shut their shop as they couldn’t accept deposits from their customers who wanted to buy/sell cryptocurrency. Now, following the SC order, we should witness a sea of new crypto exchanges come up in India that would allow direct…
In a personal blog, India’s former Finance secretary Subhash Chandra Garg writes about a future where digital sovereign currency may become a norm while “private” cryptocurrencies like Bitcoin will meet doom. Almost everyone in the Crypto or Blockchain community of India have heard of Subhash Chandra Garg. He chaired an inter disciplinary committee setup by the government of India that published a report last July, recommending a complete ban on…