What takes place if India bans cryptocurrency?
A-list panel to debate and argument in the topic- Cryptocurrencies Ban-Will India Lose Out was handled by Balaji S Srinivasan, Investor, and Entrepreneur; R Gandhi; earlier Deputy Governor, and Nischal Shetty, Founder, and CEO, WazirX between speakers.
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In the opening edition later currently, we put the focus on one of the most violently discussed, and debated, topics in current times — the government’s proposal to present a law to ban private cryptocurrencies such as bitcoin and in its place, unveil a framework for an authorized digital currency by the Reserve Bank of India.
Bitcoin hits a $1 trillion market cap, climbs to another record high.
The Crypto industry settles to be structured, but the government needs to occupy it actively.
Meanwhile the March 2020 conclusion by the Supreme Court to allow banks to switch cryptocurrency transactions from exchanges and traders, intervening the RBI ban, the industry has thrived. Cryptocurrencies make for a closely 1.5 trillion-dollar industry. Bitcoin’s current uptick — it glided past a record $50,000 previous this week—has fuelled attention among investors.
CBW - External Analyst