The Cryptic Craze About Crypto
There are several critical reasons for which cryptocurrencies need to be highly regulated in India unless it is a sovereign cryptocurrency. outlookindia.com 2021-02-15T14:58:39+05:30
Bitcoin prices have shot up from less than USD 20,000 to over USD 48,000 in the last three months. This is a humungous growth for any asset class. Bitcoin falls under the asset-class that is called crypto, which is short for cryptocurrency.
But then why is the Indian government planning to pass a regulation that bans Indians from owning and trading in Bitcoins and all other cryptocurrencies? To understand the government’s position, one has to understand the nature of “cryptocurrencies”.