As the agenda for the upcoming session of Parliament was listed, the Bill seeking to ban the private cryptocurrencies caught everyone’s attention. But we know as little about its content as we knew in January when it was first proposed.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, was also listed for the Budget session in February also, but it never came up for discussion. The domestic crypto market went into a tizzy on Tuesday night, soon after the news on the Bill came in.
Several coins fell more than 20 per cent all the while when they were trading more or less flat in overseas markets. Cryptocurrencies on Indian exchanges are still trading at a discount to their global prices as investors continue to sell
. Read more on business-standard.com