India is becoming a hub of crypto and blockchain

Cryptocurrency and blockchain are no longer just a topic of discussion, but India is leading the world in this field. India has been ranked number-1 in terms of crypto adoption for two years in a row. Not only this, the Central Bank Digital Currency (CBDC) project of the Reserve Bank of India (RBI) has also reached 50 lakh users in the pilot phase.

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In recent years, the craze for cryptocurrencies decreased, but now currencies like Bitcoin have again gained heights. Currently, the price of one Bitcoin has reached around Rs 1 crore (1 lakh US dollars). Experts estimate that its value can go up to $120k by the first quarter of 2025.Donald Trump's pro-crypto policies and the results of the US presidential election have also boosted the price of Bitcoin by 40%. His administration is expected to reduce regulation on crypto and bring better policies.

Binance, one of the world's largest crypto exchanges, has recently resumed its services in India. Vishal Sachindran, regional market head of Binance, said that the company actively worked with the Indian Financial Intelligence Unit (FIU) and regulators. They emphasized on transparency and gave live demos of their operations to the government.Binance believes that there is a huge market for crypto in India. The company provides free training on blockchain and crypto here so that it can be taken to the grassroot level.

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Vishal Sachindran said that investors should not run behind the hype. Before investing in crypto, it is important to understand its protocols and fundamentals. Binance Academy provides information about crypto and blockchain to investors by giving free training.

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Crypto is a technological shift and India's role in blockchain innovation is important. Experts believe that India can take global leadership in the field of blockchain and crypto. Gradually increasing adoption and government support will strengthen this sector.