New Delhi: The Centre is all set to bring a Bill in the Parliament’s winter session to ban all cryptocurrencies in India, barring a few exceptions. This is aimed at creating a framework to regulate digital currency issued by the Reserve Bank of India (RBI).
As an after-effect, all major digital currencies witnessed a fall of around 15 per cent and more. Bitcoin was down by around 18.53 per cent, Ethereum nosedived by 15.58 per cent, and Tether was down by 18.29 per cent.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been listed for introduction in the Lok Sabha during the winter session scheduled for November 29 start.
The RBI has raised “serious concerns” about private cryptocurrencies. The world’s biggest cryptocurrency Bitcoin is hovering around $60,000, and its price has more than doubled since the start of 2021 and has been attracting hordes of local investors.
ALSO READ: Gen Next Believes Cryptocurrency Will Make Them Millionaires: Survey
Perth: He hadn’t scored a Test century for 16 months. His previous 15 Test knocks…
Bhubaneswar: The members of BJD's minority cell staged a demonstration in front of Raj Bhavan…
Bhubaneswar: Dense fog reduced visibility in Odisha's Rourkela while moderate fog engulfed Koraput, Bhawanipatna and…
Mumbai: Shreyas Iyer may be out of the Indian team currently, but the dashing right-handed…
Bhubaneswar: A rare and exquisitely crafted Filigree boat made of pure silver from Odisha was…
New Delhi/Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on…
New Delhi: A fresh application was filed before the Supreme Court on Sunday urging the…
Bhubaneswar: Chief Minister Mohan Majhi disbursed the first instalment of Rs 5,000 under Subhadra Yojana…