If you go by Bloomberg report, India plans to ban all private cryptocurrencies in the new budgetary session that started on January 29. Earlier in 2018 also, India had banned cryptocurrency trading. However, crypto currency exchanges filed a lawsuit against the government's move and won the case in March 2020.
What India actually wants to do?
It is heard that India's Central Bank wants to go develop its own cryptocurrency. India is planning to create the blockchain version of the fiat currency.
What does this mean for the world?
The idea is still in discussion. However, this is definitely a good move for crypto investors and developers.
What India actually wants to do?
It is heard that India's Central Bank wants to go develop its own cryptocurrency. India is planning to create the blockchain version of the fiat currency.
What does this mean for the world?
The idea is still in discussion. However, this is definitely a good move for crypto investors and developers.