Wave of Alarmism in India Surrounding Bitcoin
Recently in India, there has been a scaremongering tendency about all things Bitcoin. They've already, smeared the public perception of bitcoin to such extent that any talk of seeking the best bitcoin rate, Bitcoin exchange in India is seen as something shady or something only a shady person would do.
Bitcoin surpassing the $3000 mark has only aided the sudden surge in people looking to buy Bitcoin in India and sell bitcoin in India as a means to support themselves. But there are people dead-set in putting a stop to the thriving market of best bitcoin exchange in India.
One of the main arguments put forth by people is that it's nothing but a tool to launder money in operations that mirror those that take place in the West and South of Asia.
An absurd claim is given that the top bitcoin exchange companies in India follow the paradigm of KYC (Know-Your-Customer). Companies like, Bitxoxo have pioneered a self-regulating initiative as founding members of DABFI, the Digital Assets and Blockchain Foundation India.
These campaigns also attempt to smear bitcoin exchange in India by trying to manufacture links to terrorism as a means to force the Indian government's hand in regulating, and ultimately centralizing Bitcoin in some form or another.
They argue about a part that bitcoin donations played in the 2015 Paris attacks, although Europol's report subsequent to the attacks declared that there was no evidence of that. After a hard economic crash in 2016, the number of people in India looking for the best bitcoin rate to buy bitcoin in India and sell bitcoin in India has surged, and the business of becoming the best bitcoin exchange in India has soared for several years.
Companies like the previously mentioned Bitxoxo, Zebpay, Unocoin, and Coinsecure have become key players in the highly contested rally to become the very best bitcoin exchange in India.
When asked to rank who they would consider the top bitcoin exchange in India, most people declared Bitxoxo to be number 1, followed by Zebpay, Coinsecure and Unocoin, in that order.