A highly-anticipated cryptocurrency tour of sorts is back on after India has backed off its cryptocurrency ban. The Crypto Bulls Roadshow will visit 15 Indian cities to help educate the public about the benefits of Bitcoin, blockchains, and cryptocurrency.
The Reserve Bank of India had previously moved to ban Indian banks from doing business with cryptocurrency exchanges and other blockchain-related ventures. The matter of the ban was ultimately taken up by the Indian government. The Supreme Court of India struck down the ban, calling it unconstitutional.
The Crypto Bulls Roadshow had originally scheduled presentations in eight Indian cities including New Delhi and Mumbai. It will now expand its educational initiative to include Patna and Kanpur. The mission of the Crypto Bulls website and traveling roadshow is to encourage discussions about cryptocurrency in the local community. The group believes that the key to a greater acceptance of cryptocurrency starts at ground level with educating ordinary citizens.
Also on the schedule for the Crypto Bulls is the Consensus 2020 event that will be held in New York. More than 10,000 people are expected to attend the event.
Local crypto exchanges in India have been quick to try and renew their operations now that the cryptocurrency ban has been lifted. It is now possible for those in India to use their bank accounts to make purchases or deposits at cryptocurrency exchanges like Wazirx. Wazirx has been purchased by Binance, one of the world's leading cryptocurrency exchanges.
There could still be tough times ahead for cryptocurrency in India. The RBI is not likely to give up its fight for the ban. An appeal may be in the works to try and overturn the high court's decision.
In the meantime the Crypto Bulls Roadshow is moving forward with its educational work, and the reception to the local seminars is positive.