Today news
About the same in other media
Crypto prices are plummeting in India as the country mull as ban on digital assets — and its creating an opportunity for savvy investors
Reading now: 488
markets.businessinsider.comSOPA Images/Getty Images
Cryptocurrencies dropped in India Wednesday morning as the country mulled a crackdown on digital assets — and its opened up opportunities for witty investors.
According to a Bloomberg article, shiba inu coin and dogecoin sunk more than 20% on the WazirX crypto exchange in India while on Binance and Kraken, they were relatively unaffected. Bitcoin, for its part, dropped 14% on WazirX and just 0.5% on Binance, the article said. Tether, a stablecoin, also sunk on the exchange while remaining steady elsewhere, Coindesk reported.
A proposed law in India is seeking to ban all private cryptocurrencies, likely causing the price declines on the local exchanges.
The price drops opened up an opportunity for investors to buy the
Read more on markets.businessinsider.comAbout this in other media
Expect Robinhood clones to rise if India makes crypto an asset class economictimes.indiatimes.com /2 years ago
Cabinet may discuss Crypto Bill this week economictimes.indiatimes.com /2 years ago
Nandan Nilekani: Crypto can bring about financial inclusion moneycontrol.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
