𝙄𝙣𝙙𝙞𝙖'𝙨 𝘾𝙧𝙮𝙥𝙩𝙤 𝘽𝙖𝙣? 𝘼 𝙎𝙝𝙞𝙛𝙩 𝙩𝙤 𝘾𝘽𝘿𝘾𝙨 🇮🇳

The Indian government is reportedly considering a ban on private cryptocurrencies like Bitcoin and Ethereum, in favor of expanding its Central Bank Digital Currency (CBDC). The authorities view private cryptocurrencies as a risk to the financial system, pushing for more control through a government-backed digital currency.

However, this isn’t the first time India has taken a hard stance on crypto—similar steps were taken before but faced challenges, including a Supreme Court ruling in 2020 that overturned an earlier ban by the Reserve Bank of India.

This time, there may be an exit window for current crypto investors, giving them a few months to sell off assets before any ban takes effect.

What do you think the impact of such a ban would be on India's crypto market?

#india_crypto #indianCryptoBan #NewsAboutCrypto #CryptoNewss

Sources: Hindustan Times, Cointelegraph, The Independent