Crypto Ban: Future of Digital Currency in India?
We all heard Bitcoin has recently touched its all-time high of $54,000. It made a historic move after a leading electric carmaker company proposed to buy $1.5 billion in Bitcoin. They also made the announcement of accepting the currency as a mode of payment. After such a huge wave in the investment market, India is still in a muddle. There are rumors of banning cryptocurrencies by the government and launching an official digital currency. Many legal experts and investors don't consider the crypto ban a wise decision.
Why Crypto Ban?
The government is insufficient in terms of regulation and recognition, hence making the future of cryptocurrency vague. The central government revealed that it will introduce a new bill on cryptocurrencies. The Cryptocurrency and Regulation of Official Digita...