Today news
About the same in other media
Indian crypto investors press the sell button
Reading now: 536
economictimes.indiatimes.comMumbai: Indian holders of cryptocurrency went into panic-selling mode Tuesday, flooding the exchanges at midnight after being spooked by the wording of a government release that implied a ban on all private virtual coin. Prices of the most-valued cryptocurrencies such as Bitcoin and Ethereum fell as much as 15%.
Crypto exchanges took to calming investors, urging them not to rush into selling. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will be introduced in the next session of Parliament “seeks to prohibit all private cryptocurrencies in India" but allows for «certain exceptions to promote the underlying technology and its uses”, according to the Lok Sabha bulletin issued Tuesday evening.
Read more on economictimes.indiatimes.comAbout this in other media
Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /2 years ago
Proposed bill banning crypto payments could mean jail for violations economictimes.indiatimes.com /2 years ago
India is said to consider capital markets regulator for crypto economictimes.indiatimes.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.
