Growth of Bitcoin, Blockchain Development in India: 2017 in Review

In spite of government’s efforts to curb the growth of cryptocurrencies and Blockchain in India, the people of India and the Indian market for cryptocurrencies appear to love them all the more. The year 2017 has been particularly interesting for the growth of cryptocurrencies in India, mainly due to the ‘to the moon’ journey of the Bitcoin missile. Digital currency’s rapid price appreciation has sparked a nationwide interest, with the mainstream Indian media going haywire on cryptocurrency reporting. Media routinely gives both ‘investment’ advice and reiterates ‘cautionary’ warnings from the Indian government at the same time. So, how was the year 2017 for the overall development of cryptocurrencies and Blockchain in India?