Alike the rest of the world, cryptocurrencies emerged as a fad in India in 2009 with the introduction of Bitcoin. The first commercial transaction took place in 2010, followed by the first cryptocurrency trading platform in 2013. Over the past few years, it has garnered a significant following and interest in India.
Which is the first cryptocurrency of India?
The first of everything is a historic and special moment. Joining the list of these firsts is India's own cryptocurrency. It's called GanderCoin, so let's take a gander and see what it's all about.
Who is the founder of cryptocurrency in India?
Nischal Shetty - Crypto Exchange Pioneer Nischal Shetty, the founder of India's renowned crypto exchange, has a long-standing journey in the crypto space dating back to 2009. His exchange platform and involvement with Shardeum have made him a household name among crypto enthusiasts.
Is cryptocurrency in India legal?
Is Cryptocurrency In India Legal or Not? Cryptocurrencies as a payment medium in India are not regulated by any central authority. There are no rules and regulations or any guidelines laid down for settling disputes while dealing with cryptocurrency. So, trading in cryptocurrency is done at investors' risk.
Was Bitcoin available in India in 2009?
Around 2009, Bitcoin became the first cryptocurrency to be used in India. In 2010 there was the first business transaction, and in 2013 there was the first cryptocurrency exchange. In India, it has gained a large fandom and a lot of interest subsequently.
Does crypto have future in India?
In the last year, the industry has proven India is a large market, leading in grassroots adoption. Despite the tough environment, India has continued to grow and drive adoption even at a global level.