Unleashing the Power of Knowledge
The Indian Crypto Bulls Roadshow is not your typical caravan—it’s a mission on wheels! This not-for-profit initiative is set to enlighten Indian citizens about the transformative world of blockchain and cryptocurrency. Set your GPS for enlightenment as they embark on a journey across the vast landscape of India.
Expanded Travel Plans: More Cities on the Map
Initially planning to cover eight major cities, the roadshow has expanded its itinerary thanks to a pivotal Supreme Court ruling that deemed the Reserve Bank of India’s (RBI) crypto ban unconstitutional. Now, with seven additional stops, the starting date has been pushed back from March 12th to April 3rd. Buckle up—this grand tour will stretch over 7,000 kilometers!
- New Delhi
- Jaipur
- Ahemdabad
- Surat
- Mumbai
- Pune
- Hyderabad
- Bangalore
- Chennai
- Visakhapatnam
- Bhubaneswar
- Kolkata
- Patna
- Kanpur
Crowning Local Representatives for Consensus 2020
At this crypto carnival, speakers will compete to represent India on the global stage at Consensus 2020 in New York. Expect some lively debates and potential crypto celebrity sightings. Public votes will determine who gets to pack their bags for the Big Apple! With an anticipated turnout of over 10,000 attendees, including participants from 500 startups, this is one event that’s hard to miss.
Riding the Wave of Market Growth
In the aftermath of the RBI’s ban being lifted, crypto exchanges in India are scrambling to recapture market share faster than you can say “blockchain.” In the blink of an eye, exchanges like Unocoin, Wazirx, and Coindcx have reinstated fiat deposit services. Speaking of Wazirx, they were acquired by Binance, making waves across the industry!
Investments Galore
The enthusiasm doesn’t stop there! HashCash Consultants has announced a whopping $10 million investment in the Indian crypto landscape. According to Crebaco Global, the blockchain and crypto sectors in India could be worth over $12.9 billion, potentially generating around 20,000 new jobs. Yes, please!
The Road Ahead: Challenges Persist
But before we get too cozy on our digital wave, it’s important to acknowledge that there are hurdles ahead. Despite the jubilation from the repeal of the ban, the RBI is still concerned about the implications of virtual currencies on the banking system. They plan to appeal the Supreme Court’s ruling, which could throw a wrench in the works.
Additionally, the ongoing uncertainty surrounding the pending “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill” from 2019 looms large over the industry. In the world of crypto, navigating regulatory waters will be as critical as ever.
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