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INDIA: Massive boost in Cryptocurrency uses💥


Last year, Blockchain.com unveiled its international list of significant growth for crypto users. Based on web design, Peru was # 1, followed by India. According to Blockchain.com:

On ZebPay’s global exchange, which serves over 160 countries, the biggest volume growth recently has been from Nigeria. According to Blockchain.com, “Nigeria has been the most trending country in recent months. It has increased by 60% its usage of Blockchain.com web wallet since April 2020.”

With the growth of interest among Nigerian investors and traders, the government is taking steps to create a legal framework.


This is news that is welcome to the people of Nigeria and the global crypto community, including India.

While there are ongoing rumors of a crypto ban in India, a larger trend is clearly pointing to legal guidance and adoption.

  • In March 2020, the Supreme Court of India overturned the April 2018 RBI circular and confirmed that crypto assets were legal in India.
  • In May 2020, the RBI itself confirmed that there was no ban on banking services in crypto firms.
  • Major Indian companies such as Tata Consultancy Services have introduced crypto and blockchain systems, while even skeptics such as former Finance Minister Subhash Garg have proposed crypto asset management frameworks.

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