On Friday, the Government of India can take a big decision regarding the future of cryptocurrency under the leadership of PM Narendra Modi. So that the Crypto Bill 2021 can be introduced in the winter session of Parliament.
business desk. Since Friday morning, pressure is being seen in the major cryptocurrency with bitcoin price in Indian exchanges. On Friday, the Government of India can take a big decision regarding the future of cryptocurrency under the leadership of PM Narendra Modi. So that the Crypto Bill 2021 can be introduced in the winter session of Parliament.
On the other hand, digital coins are also witnessing a downward trend in foreign exchanges. Bitcoin, Ethereum and other currencies are also witnessing a decline. Let us also tell you that after all, what are the fresh prices of cryptocurrencies being seen in India from foreign markets.
Cryptocurrency prices in Indian markets First of all, if we talk about Indian exchanges, then the price of bitcoin on WazirX is seeing a decline of 1.30 percent. Due to which the price has come down to 40 lakhs. At the same time, around 4 percent pressure is being seen in Ethereum. Shiba Inu is trading with a decline of 3 percent, one and a half percent in Dogecoin. IOTX is witnessing a growth of 14%. There is a 10 percent jump in Gala.
The condition of cryptocurrencies in foreign markets, on
the other hand, there is an environment of decline in large cryptocurrencies in foreign markets. Ethereum is down 5 percent at $4185. While Dogecoin is seeing a decline of 3 percent and Shiba Inu 4 percent. Whereas Terra has seen a growth of 15 thousand percent this year. Due to which this cryptocurrency has joined the top ten.
Final decision will be taken in India today
A final decision on cryptocurrency regulations will be taken by Prime Minister Narendra Modi amid differences between policymakers and industry. A meeting of top government dignitaries on the matter was held after hearing the views of the Reserve Bank of India and industry stakeholders.
Discussions are likely to continue on Friday before a final decision on the rules is taken. According to a report in the Economic Times, the options on the table include a complete ban on private cryptocurrencies, partial bans, broad regulations on digital coins or all kinds of products based on regulations.
A draft note on the proposed law has already been prepared by the Finance Ministry, however, Some in the government felt the need for further discussions on certain aspects of the crypto bill and the overall treatment of the sector. Changes can be made in the draft bill on the basis of discussion during the high level meeting to consider all aspects.
