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Crypto Ban: Why reports of a looming ban drive more people towards crypto indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
'Altcoins' up 5x on hunt for next Bitcoin indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
We ll soon meet in your inbox. Please wait. Blockchain experts rushed to regulated countries like Switzerland, Singapore, Estonia and the US, and an outright ban will have a similar effect, according to Mathew Chacko, partner at Spice Route Legal. He said blockchain innovation, which has a role to play in governance, data economy and energy, will come to a grinding halt in India. “For any innovative company to take advantage of blockchain the way they will do it is to use crypto assets to finance the growth of the blockchain company and if you ban that, it’s like you are permitting electric vehicles, but not funding it,” Chacko said. ....
Synopsis Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option. (Representative image) (This story originally appeared in on Feb 10, 2021)CHENNAI: Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option. Nischal Shetty, founder of Mumbai-based WazirX, a Bitcoin and cryptocurrency exchange and platform, said, “We saw transactions go up 300% after Tesla’s announcement.” Shetty tweeted “INR (rupee) deposit credit is delayed on WazirX. We’re getting a huge amount of deposit requests every minute. Please have patience, your deposit will be cred ....