Cryptocurrency enthusiasts in India are calling New Delhi’s ban a hoax.

Saurabh Shah, a 26-year-old chartered accountant in Mumbai, is unconcerned about India’s proposed cryptocurrency prohibition. Similar suggestions have come and gone in the past. Shah bought Bitcoin as a student in 2017, just as India’s central bank banned financial institutions from carrying out crypto-related transactions. “I bought it because of the hype,” Shah told Al … Read more

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 … Read more

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 … Read more

In India, a crypto ban is unlikely, but the government intends to discourage trade.

The cryptocurrency market has been quietly growing in India for several months, and the Reserve Bank of India has raised worries about it, prompting the Centre to take notice. In recent days, the government has stated that it intends to regulate cryptocurrencies in order to prevent investors from keeping them without limitation. It does not, … Read more

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