2022-9-23 16:00 |
The rupee has hit a new all-time low on Friday in another turbulent week for the ever devaluing fiat currencies. The post As Rupee, Euro, and Yen Hit Historic Lows, Will Crypto Finally Have Its Day? appeared first on BeInCrypto. origin »
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Coinspeaker Leaked Document Shows India Will Ban All Cryptocurrency except Its Digital RupeeThe global cryptosphere might take hit in the near future as according to a leaked bill circulating online, India plans to completely outlaw the use of cryptocurrency except its own Digital Rupee.
2019-7-15 17:47 | |
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India is leaning toward the total prohibition of private cryptocurrencies like Bitcoin and Ethereum in an attempt to regulate risk in its current volatile market. The government said they will have a preference for Central Bank Digital Currencies (CBDC), as they provide all the benefits of private cryptocurrencies, without having the potential for instability or […]
According to a Quartz report published February 4, 2019, the Indian government is skeptical regarding the possible implications of cryptocurrencies on the Indian Rupee, fearing that digital currencies might destabilize the national currency.