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Crypto prices crash on fear Indian government may ban private crypto
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cnbctv18.comCryptocurrency prices in India crashed early on Wednesday after a government bulletin listed the introduction of a new cryptocurrency regulation bill in the upcoming winter session of the parliament that seeks to prohibit all private cryptocurrencies in India. The prices, however, recovered later.Bitcoin prices crashed as much as 26 percent to roughly Rs 33,50,000 lakh on the Indian exchange before recovering.
Ether also lost over 20 percent to roughly $3,622 or Rs 2.6 lakh. At 11.17 am, Bitcoin was at Rs 39,49,501, down 14 percent.
Read more on cnbctv18.comAbout this in other media
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /2 years ago
RBI-backed CBDC likely to feature in crypto bill: official economictimes.indiatimes.com /2 years ago
The Crypto bill can lead to creation of more meaningful crypto products economictimes.indiatimes.com /2 years ago
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