Just In
- 2 hrs ago
Realme 8 Pro Confirmed To Pack 108MP Camera: All You Need To Know
- 3 hrs ago
Oppo Reno5 Z Appears On FCC Listing: Key Features Revealed
- 3 hrs ago
Redmi Note 10 Series Confirmed To Feature OnePlus 8T Like Display: At Half The Cost?
- 4 hrs ago
Vi Offering Health Insurance Cover With Two New Vouchers: Here Are The Details
Don't Miss
- Movies
Kishwer Merchant To Welcome Her First Child With Suyyash Rai In August, Actress Confirms Pregnancy In A Post
- News
BJP: Are not Tejashwi Yadav, other leaders from outside Bengal backing TMC outsiders?
- Sports
India vs England 4th Test: Dream11 Prediction, Best Playing XI Fantasy Tips for Ahmedabad Test
- Education
MPSC State Service Admit Card 2021 For Prelims Released
- Lifestyle
Maha Shivratri 2021: Offer These Flowers To Lord Shiva And Seek His Blessings
- Automobiles
Tata Motors Deliver 100 Safari SUVs On A Single Day In Delhi-NCR: Here Are All The Details!
- Finance
Spectrum Auction: Airtel To Deliver 5G Services In Future
- Travel
10 Best Family-Friendly Destinations To Visit In India In March
Why India Wants Crypto Trending Online; Cryptocurrency Ban In India?
Buying and selling cryptocurrency is legal in India, at least at the time of writing this article. Even I purchased DogeCoin last week and made enough profit to buy a plate of chicken biriyani. However, this all could change, as the Govt of India is planning to ban cryptocurrency in India.
Why Does Indian Govt Want To Ban Cryptocurrency?
Though there is no official statement or an answer to this question, the most logical explanation is that the Govt does not have control over the cryptocurrency. This means Govt won't be a piece of the pie when you either buy or sell a cryptocurrency like Bitcoin or Dogecoin, which are currently skyrocketing.
According to a few reports, the Govt is not just planning to ban all private cryptocurrencies in the country, but it is also planning to launch its own cryptocurrency, which will be legal in the country for all sorts of transactions.
IndiaWantsCryptocurrency is currently trending on Twitter, and many users are sharing stories on how they made a livelihood by investing in cryptocurrency, especially during the lockdown period. The founder of WazirX, one of the most used cryptocurrency trading platforms in India is also backing this online campaign.
Just like any investment schemes, investing in a cryptocurrency comes with a lot of risks. As much as one can double the money in a day, one can also lose the complete amount if the market shifts towards the left.
I think, instead of banning cryptocurrency, the Govt should introduce new regulations and it is also said that the aforementioned process is currently in the pipeline, which is going to make a lot of people happy.
Investing or trading cryptocurrency is still in the grey area. As the Govt banned 100s of apps overnight, it could also ban cryptocurrency. So, be careful if you are planning to invest in the same.
Power of the Crypto Community of India is on display for entire country to see
— Nischal (WazirX) ⚡️ (@NischalShetty) February 13, 2021
This brings more confidence that our MPs will take notice and act in favour of what the youth of India wants 💪
Positive Crypto Regulations #IndiaWantsCrypto #IndiaWantsBitcoin pic.twitter.com/qYVVdCIFyN
-
20,999
-
1,04,999
-
44,999
-
64,999
-
54,535
-
1,19,900
-
54,999
-
86,999
-
49,975
-
49,990
-
20,699
-
49,999
-
11,499
-
54,999
-
7,999
-
8,980
-
17,091
-
10,999
-
34,999
-
39,600
-
41,610
-
15,018
-
31,465
-
7,630
-
22,485
-
15,900
-
13,250
-
13,505
-
30,460
-
8,676