Is Really Cryptocurrency Ban in India - Taxkundali
The government shocked crypto enthusiasts earlier this week by issuing a list of bills that will be introduced in the winter session of Parliament. The list comprises the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 which seeks a ban on all private cryptocurrencies. Crypto specialists say that it is impossible to fully ban cryptocurrencies. But, the government may ban or set limitations on trading in crypto and its use as a means of exchange or payments. Cryptocurrencies exist on the blockchain that has no single entity managing them. Is Really Cryptocurrency Ban in India - Taxkundali According to data from crypto markets, there are about 1.5 crore Indians who have invested in cryptocurrencies holding value Rs 15,000 crore, with more and more people starting to invest. There are 350 startups that operate in the blockchain and crypto space. What is the Future of Crypto in India After Indian banned cryptocurrency in 2018, there has been no difference in crypto