Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation.
Indian Crypto Industry Stunted
Increasing hostility from central banks is to be expected. Decentralized digital currencies are a threat to their entire existence. The Reserve Bank of India has been no exception with negativity towards the industry emerging at every opportunity.
Just last week, the RBI reiterated its harsh stance towards crypto assets but focus was more on the premise of a private company being in control of a currency.
With regard to digital currency there are two aspects… RBI is very clearly against any private digital currency just as world over with central banks and…