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All crypto assets

All crypto assets will be banned by the Indian government in the winter parliament session

All crypto assets will be banned by the Indian government in the incoming winter parliament session. This decision came out after the ongoing talks of crypto regulation in the country.

Crypto has such potential that no other market possesses. The last two years have been pretty good for the whole crypto market. Crypto added millions of new users in these years. But, the governments of different countries are seeing it as a threat to their centralized and controlled financial system. A piece of news has just come out that all crypto assets will be banned by the Indian government in the incoming winter parliament session.

All crypto assets will be banned by the Indian government:

A startup lawyer, Raghav Dhoot, has shared a picture and commented on the big news for a startup working in crypto. He clearly stated that the government intends to ban almost all private cryptocurrencies in India.

All crypto assets
All crypto assets will be banned by India
Source: Twitter

There is a rumor in the market that the Indian government intends to set the stage for issuing the country’s central bank digital currency (CBDC). Bitcoin, as well as some major altcoins, appear to be unfazed by the news. This news doesn’t come as a surprise for those who have been keeping tabs on the regulatory developments in India. Earlier, PM Modi has asked the international community to come together to detain crypto.

However, there is no confirmation of this news from the government. If a country with almost 1.5 billion people decides that all crypto assets will be banned then it will have a drastic impact on the market.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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