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Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning. Though it recovered slightly and last stood at $21,969 at 1 pm IST.
Crypto exchange platform WazirX had a tremendous 2021 and facilitated a record $43 billion worth of trading volumes over the last 12 months as cryptocurrencies became more popular in India.
Crypto exchange platform WazirX had a tremendous 2021 and facilitated a record $43 billion worth of trading volumes over the last 12 months as cryptocurrencies became more popular in India.
Since the announcement of the introduction of the crypto bill, reports suggested that the Indian government will consider banning crypto in the country. The latest update from Sitharaman suggests otherwise.
The government of India announced the introduction of a Bill in the parliament to prohibit all private cryptocurrencies in India, barring some exceptions to "promote the underlying technology of cryptocurrency and its uses".