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Notably, a week ago, the Prime Minister Narendra Modi had that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands.
Nischal Shetty, founder and CEO of WazirX told BusinessToday.In that the WazirX app was restored after the crash, caused by heavy user activity after the government’s proposed regulation became public.
According to some definitions, most of the larger cryptocurrencies, including Bitcoin and Ethereum, may not come under the ambit. However, there are indications that all cryptos not issued by the government may be banned.
Singhal has advised the investors to wait for the government statement after a proposed private cryptocurrency ban sparked panic amongst the crypto holders in India.
RPG Group chairperson Harsh Goenka, who is known for having an active social media presence, shared his take on the sale of cryptocurrencies in India