India BANS Crypto?

cryptocurrency 1 month ago

Is India Banning Crypto? And if that’s the case, what cryptocurrencies will be impacted and how will this affect you? On today’s CoinMarketCap episode, we're jumping into the changing cryptocurrency legislation in India, how fast adoption is growing in the region, and why the Blockchain and Crypto Assets Committee is set to make a difference Digital currencies received by India in the last 12 months was up  641% and for Pakistan that figure was even higher at 711% Such large growth hasn’t been unnoticed. Prime Minister Modi's government introduced the Cryptocurrency and Regulation of Official Digital Currency Bill which sparked a lot of confusion, not just in India but globally.  This bill not only highlighted regulation on private digital currencies, it also opened up the conversation about an official digital currency, issued by the Reserve Bank of India. So what does the bill means for you as a user, buying and selling cryptocurrencies and what to expect from the ‘Official Digital Currency issued by the RBI” ? Make sure to watch until the end. 🔔 P.S. Subscribe to not miss Tomorrow's Video! 🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. Founded by Brandon Chez in May 2013, CoinMarketCap has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of crypto assets and is commonly cited by CNBC, Bloomberg, and other major news outlets. 📲 Download our app! IOS : Android : 🤝 Join CoinMarketCap! Follow CoinMarketCap on social! 📩 Subscribe to our Newsletter!
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