Govt has no plans to bolster cryptocurrency in India: FinMin to Parliament
Govt has no plans to bolster cryptocurrency in India: FinMin to Parliament
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Govt has no plans to bolster cryptocurrency in India: FinMin to Parliament
The central government's draft cryptocurrency regulation bill is likely to pave way for a "facilitative framework for distributed ledger technology", but it aims to prohibit certain aspects of crypto asset usage such as "currency substitutes or as payment systems or for remittances".
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
Ether broke its pattern of following Bitcoin into gains or losses. While Bitcoin price recorded gains today, Ether among the majority of popular altcoins lost value.
What starts as an investment of $200 or so may end in shelling out a huge sum if an investor tries to recover the money