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WazirX’s Nischal Shetty: There is panic selling, lawmakers don't want a crypto that competes with rupee
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moneycontrol.comReacting to the Indian crypto market crash that came in the stride of a the Lok Sabha announcement of introducing a cryptocurrency bill in the upcoming winter session of the Parliament, WazirX founder Nischal Shetty said that a "lot of panic selling ensued overnight".
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 aims to prohibit all private cryptocurrencies, and was listed in the Lok Sabha's agenda for the winter session, which begins on November 29 and concludes on December 23.
Also read: Bitcoin, Ethereum, Solana decline, market capital up 4.84%
While the definition of a private cryptocurrency player is unclear in the present bill, Shetty told CNBC TV18, "Lawmakers would not want a cryptocurrency which directly
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