For all those who are very much know to technology and finance cryptocurrency is one of the trending terms in whole world of technology. Will there be a crypto ban in india:2021 CRUX, Mining Update
THE BILL
On 30 of January 2021 The government is likely to introduce a bill during Budget session 2021 that “would” ban private cryptocurrencies.
Bill is titled ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021′
as we see by its title cryptocurrency and “regulations” earlier in 2019 there was a draft bill for ban on crypto currency as we can see in 2021 there will be some regulations and settlements.
The govt. seems to be banning out the private currency’s not bitcoin directly because bitcoin is decentralized which means no Central power can control it.
TECH COMPANIES AND INDUSTRY
Giant companies like Wazir, Zebpay, etc are hoping for the best because if somewhat happens.
there will be lots of people in loss clearing or liquidate there money out of bitcoin and other crypto currency.
There are lots of Indians who trade in bitcoin and have put lot of money in trading. not only this people who have bought ASIC machines and Graphic card to mine Bitcoin.
if this happens they will be in complete loss. not only this Indian tech companies might also face loses
The Reply
Just hours after some rumors from the media Nischal Shetty the C.EO of WazirX had made a video uploaded on YouTube on the channel MONEY GUЯRU {Bitcoin Lifestyle}
mr.Nischal shetty told that governament is going to launch its own cryptocurrency and going to some how regulate the crypto market. right now there is no such public notice or guidelines available.
He also added that some how for making such law for the industry there will be a committee in which they will have a word with the rules and regulations.
Another Video for awareness from Open4Profit
In this video he told that media and other people are forwarding rumors.
For more info please watch these videos for clear understanding
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will there be a crypto ban in india:2021 CRUX
will there be a crypto ban in india:2021 CRUX
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