Private Cryptocurrency News Today

The Chief of Singapore's central bank has unequivocally stated that private cryptocurrencies are unwelcome within the country's monetary framework

Finance Minister Nirmala Sitharaman on Saturday flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution

Private cryptocurrencies are also prone to frauds and to extreme price volatility, given their highly speculative nature, RBI said in its latest FSR report.

RBI has said that private cryptocurrencies pose immediate risks to customer protection, anti-money laundering and combating terrorism financing

The central bank has repeatedly expressed its strong views against cryptocurrencies, saying they pose serious threats to the macroeconomic and financial stability of the country.

Private Cryptocurrencies: With over 14,000 different coins on the market, we are becoming more demanding of what they should have to offer.

We spoke to some investors and crypto exchanges about the recent move by the Indian government and how it’s weighing on them

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The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 seeks “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India," the government notification says.

Major cryptocurrencies including Bitcoin went down by around 17 per cent Ethereum fell by 15 per cent and Tether down by almost 18 per cent as of 11 45 PM on November 23