The Reserve Bank of India has given a huge relief to crypto investors and traders by clarifying that banks and other entities cannot use its 2018 order on virtual currencies to caution their customers.
EXCLUSIVE: WazirX CEO Nischal Shetty on crypto crash, issues with banks, Shiba Inu listing and more Manas Tiwari Bitcoin
It has been an interesting month for the crypto market. There was a lot of positive sentiment in the first week of May, ahead of Elon Musk s Saturday Night Live appearance, which helped Bitcoin, Ethereum, Dogecoin and other cryptocurrencies touch a new high. There was a dip in the second week after Tesla s decision to not accept Bitcoin as payment, following some correction before the slide that came on May 19. All the major cryptocurrencies went down on the mentioned date, wiping off close to $1 trillion from the crypto market.
EXCLUSIVE: WazirX CEO Nischal Shetty on crypto crash, issues with banks, Shiba Inu listing and more businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
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Bitcoin and Dogecoin in India: Legal status of crypto, how it is bought and sold, what can you do with them
Bitcoin, Ethereum and Dogecoin were all in green (at the time of writing), while others also showed a positive sentiment. The recent fall came after China s decision to ban financial and payment institutions from providing cryptocurrency services.
Manas Tiwari | May 20, 2021 | Updated 19:28 IST
Cryptocurrencies are not illegal in India but, they are not regulated.
Highlights
Bitcoin and Ethereum have recovered in last 24 hours.
Cryptocurrencies are not illegal in India.
The entire crypto world was shaken on Wednesday as it lost close to $1trillion in market cap and biggest of trading platforms, including Binance and Coinbase crashed, leaving investors fuming. Most cryptocurrencies have recovered in the last 24 hours. Bitcoin, Ethereum and Dogecoin were all in green (at the time of writing), while others also showed a positive sentiment. The recent fall came after
Bitcoin and Dogecoin in India: Legal status of crypto, how it is bought and sold, what can you do with them indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.