Bitcoin was down 17%, Ethereum was down 14%, Dogecoin was down almost 20%, and Polkadot was down 14%. Tether, a dollar-pegged cryptocurrency, was down about 17 percent.
The government's objective behind the new Bill is "To create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India."
There are two tracks of concern – one around financial stability and how consumer and investor protection can be ensured. The other is around money laundering and terrorism finance.
Paytm to offer Bitcoin trading? Everything you need to know - Trading in cryptocurrencies will be a huge shift for Paytm but it will only happen if the regulating body of India legalises it
There is a rapid rise of Cryptocurrency in India. Now, about 10 Cryptocurrency Owners in India own cryptocurrency. We take a look at how that could have taken place.