RBI stand over Cryptocurrency that may force Blockchain developers to leave India

in #india6 years ago

As compare to other software development, Blockchain technology development is a new field and there are only 0.25 percent Blockchain developers of 2 Million software developers in India.   

 In general Blockchain developers get token in the form of their contribution to the project but stand of RBI over Cryptocurrency made it tough to convert it into fiat currency, even though P2P method is available to trade Cryptocurrency in India. 

 Stand of India over Cryptocurrency is still not clear, one side it ban direct Cryptocurrency trading and case is pending in Apex court, second side government and RBI forming committee to see opportunity and potential in Blockchain technology.   

 In fact RBI decision to ban direct Cryptocurrency trading is have many downside , first one is IT section is little bit struggling to create new job, even tough Blockchain technology have lots of potential to create new job but Indian Blockchain developers are helpless and want to migrate Cryptocurrency friendly countries for job. 

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