Crypto and India

Indian PM, Narendra Modi, has awarded an entrepreneur prize for a crypto price tracking application.

18-year-old Kumari Harshita Arora was the recipient of the award. She designed an app called Crypto Price Tracker, a portfolio management and price tracking equipment for cryptocurrencies.

Modi, via his tweet, expressed his excitement that the talented Harshita Arora has been conferred the Bal Shakti Puraskar 2020.

While chatting with the winners, Modi said he’s happy to witness their diligence towards the society and the nation.

He also said how surprised he was while meeting them. This is because, according to him, despite their young ages, they have all done incredibly well in diverse fields.

He added that learning about their works from all of them gives him energy and inspiration.

Crypto dilemma in India

Notably, the Indian government is currently deliberating on whether to regulate or ban cryptocurrencies in the country. Prime Minister Narendra Modi’s award to Arora shows the state might enact policies that would favor crypto.

Most recently, the Supreme Court of India listened to further hearings in the suit against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses.

The case is before the highest court in the country brought by the Internet and Mobile Association of India. After public and industry-led petitions against the RBI’s imposition of a blanket ban on banks’ services to crypto businesses. They came into effect in July of that year.

Furthermore, some lawmakers in the Indian parliament have drafted a bill that would ban cryptocurrencies in the country outright.

The bill aims to ban any non-government digital assets and defines such assets. As “any information, code, number, or token not being part of any official digital currency, generated through cryptographic means or otherwise, providing a digital representation of value.”

About the app creator

Born on October 2, 2001, Arora created an app to safeguard investors from scammers. She has also worked on a “Food AI” application that identifies food in pictures. And “CellCount,” another app that helps biologists count cells in microscope images.

Arora explained how the portfolio management got a lot of great responses from the crypto community and also got thousands of paid downloads in the first 24 hours of its launch.

This made it rise to the #2 app in the Finance category of the App Store.

The Crypto Price Tracker app has price tracking and customizable alert features.

Asides tracking, costs of more than a thousand cryptocurrency from more than 18 exchanges in 32 fiat currencies. The app also gives price charts for all monitored cryptocurrencies for a particular period, such as the last one day, one week, one month, three months, and even a year.

Users can also initiate time-based alerts to get prices of a coin as a push notification regularly or at particular times.

The app is obtainable on the Apple app store (but not in the United States.)


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