While the Indian government continues to advance initiatives to study the regulatory environment for Blockchain and cryptocurrencies, the awareness and use of Bitcoin and cryptocurrency continues to grow within the Asian country. Bitcoin users growth Acclaimed fastest growing Bitcoin exchange in India, Bitxoxo has reached a milestone of 100,000 users on its platform. In a press release, the company claims to have been consistently adding between 10,000 to 20,000 users every month, and this has led to their current amount of users. Elaborating on the growth, Hesham Rehman co-Founder & CEO, Bitxoxo says, “We have been relentlessly working towards creating …

Several new developments are pointing to India as being the next point of interest for the key digital currency Bitcoin. They are building on the untapped opportunities available to the country’s billion people. Surge in Internet use India has overtaken the United States to become the world’s second largest Internet market, with 333 million users, behind China’s 721 million. Even though this is a positive development, the new report by the UN Broadband Commission for Sustainable Development also confirms that just six nations – including China and India – together account for 55% of the total global population still offline, …