According to the CEO of cryptocurrency and blockchain reseaerch firm Crebaco Global Inc, Sidharth Sogani, India will lose around $12.9 billion worth of market if cryptocurrency is prohibited in the nation.

According to the report by the news outlet AMBCrypto, Crebaco’s approach included an evaluation of how much earnings companies might have created if crypto was ruled to be lawful, along with crypto companies with Indian creators who relocated offshore as a result of the Reserve Bank of India’s banking ban.

Based on the record, Crebaco thought of the complying with figures as part of its overall estimated income from crypto in India: $4.9 billion as suggested by crypto white papers and also associated service plans; $2.1 billion from specialist blockchain programmers; $1.27 billion from content designers; and $4.5 billion from miscellaneous tasks, consisting of attorneys, event managers and also workers.

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