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Raoul Pal - This Is EXTREMELY IMPORTANT To The Crypto Revolution
For quite some time now, Raoul Pal has been vocal about the potential for India to become a major powerhouse in the cryptocurrency space. He has expressed the demographics of India, with 50% of its population being under the age of 25 and 65% of the population being under 35, combined with the digital age… is the perfect storm for immense growth in India. Even though the stars seemed aligned from the outside, India’s Prime Minister Narenda Modi did not take well to cryptocurrencies. In several public speeches, Prime Minister Modi warned that cryptocurrencies will help facilitate money laundering and terrorism. Because of his beliefs, it wasn’t too long ago that he said all cryptocurrencies NOT controlled by the government, which is essentially all of them, should be banned outright. Well, it looks as if there is a huge reversal in India’s beliefs on cryptocurrencies. In a tweet posted on February 1, Raoul Pal said;
“Big news in India from the budget where the Gov have unveiled taxes on virtual digital assets gains, showing regulatory acceptance. Final regs in coming months but as the fastest growing adoption, India is extremely important in the digital asset revolution.”
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