Business

India is considering banning cryptocurrencies; here’s how other countries handle crypto.

In Parliament’s winter session, which begins on November 29, India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The measure aims to outlaw all private cryptocurrencies and provide a framework for the creation of a government-backed digital currency. While crypto transactions have yet to be regulated in India, the digital […]

Business

The price drop in cryptocurrencies prompted by India’s potential ban could be overstated.

It may be premature for cryptocurrency players in India to be concerned about a prospective ban on virtual tokens, as they are right now. Since yesterday, the prices of key cryptocurrencies have plummeted by 17 percent for bitcoin, 15% for ethereum, and nearly 18 percent for tether (Nov. 23). This is in response to a […]

Business

The Centre will move to ban cryptocurrency, and prices will plummet by ten points.

In the upcoming winter session of Parliament, the Centre is expected to introduce legislation banning all cryptocurrencies in India, with a few exceptions, and creating a framework to control digital currency issued by the Reserve Bank of India (RBI). In the upcoming winter session of Parliament, the Centre is expected to introduce legislation banning all […]

Business

In a future bill, Government seeks to ban all private Cryptocurrencies saved.

Sources told Republic on Tuesday that a cryptocurrency measure will be introduced in the Parliament’s winter session, which is a significant development. The bill, dubbed ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021,’ is aimed at ‘creating a conducive framework for the creation of the official digital currency to be issued by the […]

Business

As the market shifts its focus to altcoins, Bitcoin continues to fall below $57,000.

Ether prices have remained unchanged over the last 24 hours, and the cryptocurrency has lost 9% in the last week. Bitcoin showed hints of recovery over the weekend, but it has since fallen in value once more. Bitcoin is presently trading at $62,320 (approximately Rs. 46.4 lakh) on Indian market CoinSwitch Kuber, while the most […]

Business

A bill on cryptocurrency is one of 29 that will be introduced this year.

 PM Modi recently chaired a high-level meeting with officials from various ministries and the RBI on the topic of cryptocurrency during the Winter Session. New Delhi, India: During the Winter Session, which begins on November 29, 2021, a Bill to prohibit all private cryptocurrencies in India with limited restrictions is scheduled to be taken up […]

Business

Shiba Inu gets pushed out of the top ten cryptocurrency ranking by this coin.

After reaching a partnership contract with Deloitte to increase US disaster-relief funding, Avalanche cryptocurrency has moved Dogecoin out of the top ten. After more than doubling in price since the beginning of November, the Avalanche token, AVAX, is currently the tenth-largest cryptocurrency by market capitalization. In doing so, it surpassed Dogecoin’s $30.30 billion in circulation […]