There has been lot of FUD going on in the Indian cryptomarket after the Government found out that approx $3.5 billion worth of cryptocurrencies have been traded by Indians in the last 9 months. This comes to knowledge after government did survey at 9 Indian cryptocurrency exchanges.
The bank accounts of many cryptocurrency exchanges have also been suspended without proper information. The situation is very bad and worrisome for cryptocurrency in India.
There is some good news too. The Chief Minister of Andhra Pradesh, India has partnered with local Covalent Fund to build “the largest” #Blockchain stack for its government.
Andhra Pradesh will jointly develop Velugu Core, which is supposed to be a Blockchain version of India’s governance network India Stack at the local level. Chandra Babu Naidu always ready to try new things. The most innovation CM ever.
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