Tuesday, November 29

Tag: is crypto legal in India?

What does the new crypto bill mean for Indian crypto users?
Crypto

What does the new crypto bill mean for Indian crypto users?

The new crypto bill which will be introduced in the winter parliament is said to be pass and will ban all the private cryptocurrencies and its trading in India.India is one of the fastest growing nations in terms of new crypto users with more and more people getting into the online digital currency seen making it the biggest country with most users only behind USA, Kenya, and China.The Prime Minister is against itSpeaking at an international convention last week, the Indian Prime Minister Narendra Modi spoke out against the cryptocurrencies market and was his opinion that all the Nations need to regulate the cryptocurrencies so that it does not fall into the wrong hands and that it does not spoil the youth of the nation.Pm Narendra Modi voiced cheez opinions on cryptocurre...
Indian government to completely ban private crypto and RBI will issue new crypto instead!
Crypto

Indian government to completely ban private crypto and RBI will issue new crypto instead!

New updates on the cryptocurrency bill in India are here.Much to the Indian crypto investors displeasure, the Indian government will introduce a new bill on cryptocurrency in the latest winter session of the parliament.This bill seeks to create a new framework for the creation of official digital currency which will be issued by RBI but here is the main thing which has all the Indian crypto investor worried.Government is looking to ban private cryptoThe bill, which is titled "the cryptocurrency and regulation of digital currency, 2021" will be up in the winter session of the parliament and will be looked to pass in the same session.This bill comes at a high time when the Indian users looked to overtake the number of crypto holders in our country, which is growing at a ...