Is India really have potential for Digital assets or crypto?

[sikandar1@3]

I visited india. they have a very big population but at the same time they have low education among people other then cities. So what you think would people do understand this Digital currency concept?
Is this the market to invest time and energy for crypto currencies to be setup?

[avikz]

No! It is not because of the population but because of the government. The government is not at all friendly towards cryptos and cryptos are notified illegal tender in india since January 2018. A lot of Indian exchanges have closed their operations and moved onshore. The most prominent example is Zebpay. Another exchange Unocoin owner got arrested for installing a crypto ATM in india. So India is not at all a good destination for crypto related ventures.

[eaLiTy]

I visited india. they have a very big population but at the same time they have low education among people other then cities. So what you think would people do understand this Digital currency concept?
Is this the market to invest time and energy for crypto currencies to be setup?

The population of any country is their strength and when it comes to education there are some states that are backward but they do have a good education system, i am not claiming every university have the same quality of education but if you travel to the south you will see an educated crowd most of the time, check why major software companies are in India and you will understand the real reason behind it, if not for the cloud of clarity which is lacking regarding the regulation, it will prosper and the volumes in most of the exchanges were decent until they closed down.