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A bill to regulate bitcoin is being drafted, and RBI Governor Shaktikanta Das is one of those who believes that the blockchain technology that underpins cryptocurrencies might operate independently of the currency. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, stated that he believes in blockchain technology. “I believe in blockchain technology, which is … Read more
To better comprehend the proposed cryptocurrency Bill’s influence on NFTs, we consulted with key specialists. This will also be determined by how NFTs are classified. Many NFTs, unlike cryptocurrencies, are backed by tangible assets. “It (the Bill) might or might not pass” (impact NFTs). It all relies on how the Bill is written and what … Read more
In the midst of the uncertainties surrounding the future of cryptocurrencies in India, Infosys Chairman Nandan Nilekani remarked on December 1 that crypto assets may be utilised to increase financial inclusion. “There is a role for crypto as assets,” Nilekani, who co-founded Infosys, said at the Reuters Next Conference. “But they obviously will have to … Read more
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
With the exception of Dogecoin and Tether, all of the top ten digital tokens were trading upward. Ethereum increased by 7%, while Solana and Polkadot increased by 5%. In comparison to the previous day, the worldwide crypto market capitalization increased by a little more than 1% to $2.64 trillion. The whole crypto market volume, on … Read more
In the winter session of Parliament, which began today, the government is expected to introduce a measure to regulate cryptocurrency. Bitcoin and other cryptocurrencies are based on blockchain technology, which is a decentralised ledger of transactions. On Monday, Union Finance Minister Arun Jaitley stated in Parliament that the central government does not gather any information … Read more
Top Customers of Indian private sector banks are being informed about the risks of investing in crypto assets. Customers have received emails from Axis Bank, HDFC Bank, and ICICI Bank in this regard, according to The Economic Times. The banks noted cryptocurrency exchanges’ aggressive advertising operations, which aim to entice new consumers with promises of … Read more
Elon Musk, the CEO of Tesla, has been outspoken about his belief in Dogecoin, a meme-coin cryptocurrency that skyrocketed in value earlier this year. Now, Musk has some Dogecoin advice for you. Musk agreed with Bill Lee, a founding partner of West Coast Holdings and an investor in Musk’s firms, that the holdings should not … Read more
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
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