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What takes place if India bans cryptocurrency?

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Vandana Mrigwani Follow

INDIA

Mar, 02 2021

Mar, 02 2021

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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. 

 

Moneycontrol has continuously modeled its journalism to benefit readers make intellect of complex events through thorough reporting, deep examination, and severe commentary. We shine a light on subjects that matter so that readers are ready to route the future and the forces influencing it. 

 

It is with this drive that we extant Moneycontrol Masterclass—Thoughts for a New India. In these live, virtual events, the strident minds from India and about the world will interpret themes and drifts that will shape a new India, spur innovation, and interrupt the world as we recognize it. By unloading vital facts about a subject, we hope to stretch readers the skill to recognize changing styles across sectors. 

 

We will collect some of the most valued voices who can go deep on significant topics. As our editors argue and debate with business leaders, we require you to join the conversations. After all, dear book lover, Moneycontrol Masterclass is for you. 

 

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. 

 


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Vandana Mrigwani

CBW - External Analyst

INDIA

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