A series of blockchain supporter rallies have been taking place in India during March. Thousands of cryptocurrency supporters have turned to the streets in Delhi, Mumbai, and Hyderabad. Now, the fourth rally of this type is going to take place in Bangalore on March 30. It is expected that the Bangalore rally will have great impact. Besides a great number of crypto and blockchain enthusiasts, numerous developed will participate.
Last year, the Reserve Bank of India (RBI) issued an order to stop dealing with cryptocurrencies. All the financial institutions in India were subject to the order. A ban on cryptocurrencies businesses came into effect on July 5, 2018.
This controversial order has generated an intense debate between the Indian government and the Supreme Court. Hearings and important decisions to determine whether the ban is proper have been continuously postponed during the time of the debate. But now, the Supreme Court will hold a final hearing on the matter. Thereafter, they will issue a final decision.
This is the reason thousands of people have turned to the streets to support the continuation of blockchain technology in India. The ban imposed by the RBI and the government indecision on the matter have affected the adoption of cryptocurrencies in India. In fact, many businesses who had already adopted the crypto revolution have stopped accepting cryptocurrencies as payments.