According to a new report by Bloomberg, the Indian government is all set to ban cryptocurrencies. While many reports about a possible crypto ban have been published before, the newest report by Bloomberg says that the draft cryptocurrency banning bill is expected to be discussed by the federal cabinet soon before it is sent to parliament. Interestingly, the cryptocurrency ban bill is not on the original agenda for the Monsoon session of the Indian Parliament which began recently. Will the government finally ban crypto or is it yet another attempt at creating FUD?
References:
India Plans to Introduce Law to Ban Cryptocurrency Trading:
Like the Crypto Dost Facebook page:
Follow Crypto Dost on Twitter:
For enquiries, write to thecryptodost@gmail.com
Disclaimer: Please keep in mind that I have made this channel to share my experiences in the cryptocurrency market. I am not a professional financial advisor and the information provided is solely for educational purposes. Consult your own financial advisors and do your own research before investing in cryptocurrencies. Investing in cryptocurrencies is inherently risky and you can also lose all the amount you invested. Only invest the amount you can afford to lose. The channel shall not be liable to the viewer for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the viewer from or in connection with the information obtained on this channel.