TCS Quartz cryptocurrency:Tata Consultancy Services (TCS) has now entered the cryptocurrency sector. TCS said it was looking for a healthy deal in the crypto currency exchange sector.
Tata Consultancy Services (TCS), the country’s largest IT services provider, has now entered the cryptocurrency sector. TCS said it was looking for a healthy deal in the crypto currency exchange sector.
TCS’s Chief Operating Officer, NN Nair, said the company had expected good deals in the crypto sector during the same quarter. Ganapathi Subramanian said in a news conference.
TCS Quartz cryptocurrency
This statement from TCS is indicative of the rapid growth and popularity of the crypto sector in the country. However, there is uncertainty as to how the government will take action on the crypto sector in the country. Despite this, Coinswitch Kuber, one of the country’s crypto exchanges, boasts the largest number of users.
The boom of the crypto sector in India is a must for the adventurous investors. The young people here are the most invested in cryptocurrency. India has seen a huge increase in the number of crypto currency users. Following this, Coinswich Kuber Barrowbury has attracted a new investment of $ 1.9 billion.
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However, all these developments have come under the shadow of uncertainty over the regulatory measures of the crypto sector. The central government is preparing to introduce a cryptocurrency bill soon. The chances of government issuing official cryptocurrency by banning all private cryptocurrencies are high.
The Reserve Bank of India is often concerned about crypto currency. RBI Governor Shaktikant Das has challenged entrepreneurs to prove how cryptocurrencies can help the country’s economic growth.
Recently, the Chinese government has imposed a complete ban on crypto currencies. It has also introduced its own official cryptocurrency. Mining activities of private cryptocurrencies have also been banned nationwide.
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