Crypto-currency if banned in India could lead to the Indian
market going down by an approximate amount of $13 Billion, experts say.
An analysis of the revenues that companies could generate if
crypto-currency were legalized was made by the experts, which also had a
premise of Indian-founded crypto-companies.
Per the sources, the analysis reflected that “as part of their
total estimated revenue” in India companies could’ve generated $4.9 billion as
on crypto-white papers, $2.1 billion from expert blockchain coders, $1.27
billion from content creators and $4.5 billion from miscellaneous jobs.
According to the experts it sure is quite a herculean and next
to impossible task for India to ban the crypto-currency on such a mass level
and they’d end up regulating it.
The government of India is on the task of banning and is
deliberating it with quite some thought. It also is considering imposing
sanctions on any crypto related dealings.
The government still has quite a detailed and elaborate
reviewing to go through before they draft a proper legislation.
Despite all the reports and analysis displayed by the
experts the government has quite a strong will to go with the drafting of the
bill that bans the crypto-currency and associated dealings.