Crypto Currency will be ban or not in India: It was reported yesterday that the Indian government will impose a ban on private cryptocurrency investments and will file regulatory regulations for the same in the coming winter session. But today it is being said that cryptocurrency will not be banned in India and matters related to its regulatory conditions will be issued soon by the government.
Cryptocurrency will be ban or not in India
Furthermore, it is said that only certain cryptocurrencies will not be banned and the government will allow them to operate.
Last week, when Indian Prime Minister Narendra Modi first spoke about cryptocurrency investing, he said, “Cryptocurrency investing should not be turned into an investment that degrades the youth. Cryptocurrencies should not fall into their hands.” All countries should work together on this issue.”
Is cryptocurrency legal
As far as the banning of cryptocurrency is concerned, nothing can be said until there is no regulation of the government.
India’s official digital currency will be created
In this context, it is reported that India’s official digital currency will be created by the ‘2021 Cryptocurrency and Regulation Act‘ and the central government is planning to issue it as the Reserve Bank’s own digital currency.
Reserve Bank will introduce a new digital currency
The Chinese government has completely banned investment in cryptocurrencies. Similarly, some countries including Russia, Morocco and Egypt have banned cryptocurrencies altogether. In this context, the ever-changing information about whether cryptocurrency investments will be banned or allowed in India or whether the government digital currency– Reserve Bank will introduce a new digital currency has created a lot of controversy among investors who have invested in cryptocurrencies. Is. Is.
As a result, the price of many cryptocurrencies has fallen. Notably, bitcoin trading with a higher market cap was priced at $69,000 earlier this month. It has now come down to $56,920. It has lost more than $1,000 in the last two days alone.
Cryptocurrency ‘Shiba Inu’
The cryptocurrency ‘Shiba Inu‘, which has been facing high prices for the past few weeks, is trading down 8% in a day today at $0.000039. Also the prices of various coins including Cardano, Lisk, Away, Tron, Orchid are falling.
The current mindset of Indian cryptocurrency investors is to say, “Restrictions or regulations… whatever you say, say it a little early.”
Advice for investors in Crypto Currenccies
Until the regulation of the Indian government is not introduced, there should not be a panic, the government always wants the best of its citizens, wait for the new rule, you will get full chance. According to sources Indian Goverment may ban private cryptocurrencies in India.
Future of cryptocurrency 2021
Even if cryptocurrency is not banned in India, then the future in cryptocurrency can be very bright, but for this it is necessary to do your own research and it is also necessary to take the opinion of an expert, otherwise you may have to bear heavy losses, wait for the regulation of the government. Many peaple asked that “is crypto the future“.
When crypto bill will be passed?
Govt may indroduce crpto bill in winter session 2021.
Is crypto currency getting banned in India?
Value of crypto currencies falls amidst india’s crypto regulation bill 2021 speculations
Is RBI going to banned Cryptocurrency?
RBI Says About Crypto trading ‘Crypto trading has deep problems!’