Crypto market in India tumble following the government bill announcement

[florencewolfe]

Regulatory discussions in India over the crypto ban caused panic selling on major crypto exchange WazirX, resulting in massive price drop on leading cryptocurrencies including Bitcoin and Ether.

The Indian cryptocurrency market crashed soon as the parliament announced to introduce and list 26 new bills in the Winter Session, which included the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The bill seeks a legislative vote on creating an official digital currency while imposing a ban on all private cryptocurrencies.

Read full story on http://cryptounity.news/crypto-market-in-india-tumble-following-the-government-bill-announcement

[Olasengkang12]

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Last I heard, they were going to regulate cryptos and lower the taxes of crypto transactions. They can never make up their minds.

[Moghandayz]

With crypto investments. What i usually say is ; what ever goes down most go back up, in inverse with gravity


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