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Crypto Asset Rating company announced on Wednesday that its digital asset rating business CARAS has been approved by the Supreme Court of India. The company stated that this ruling is of great significance for its business development in India.
CARAS is a company based in the United States that focuses on rating cryptocurrency and blockchain projects. The company stated that this ruling will help it expand its business in the Indian market, providing more cryptocurrency-related rating services for local investors.
India is one of the largest cryptocurrency markets in the world, but the government's stance on cryptocurrency has been uncertain. The recent Supreme Court ruling may signify a further clarification of India's regulatory environment.
With the continuous development of the cryptocurrency market, professional rating services are becoming increasingly important for investors. The business expansion of companies like CARAS is expected to bring more transparency and professional analysis to the Indian cryptocurrency market.