Cryptocurrency ban in India
The cryptocurrency ban in India is a significant debate on every Indian news channel and social media. After introducing the cryptocurrency ban bills last night by the central government of India, the impact made the Indian market value fall’s specific timelines. The Bill leads every cryptocurrency investor to a confused state about the actual ban. Digital Currency Bills 2021: The Bill states that “ To create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. The Bill also seeks to prohibit all private cryptocurrencies in India ; however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses .” What do bills say? The Indian government and Reserve bank of India want to create a secure and easy way of cryptocurrency for investment and transaction transparently. And the cryptocurrency, which is authorized and developed by the Reserve bank of India, will be answe...