Cryptocurrency ban or Not!. What does the Indian Government want? | by Navneet | Technology Hits | Nov, 2021

Growing the demand for cryptocurrencies in the Indian market raises serious concerns. Which is indirectly related to the financial stability of the country. As per the calculations, India has the highest number of cryptocurrency owners.

So taking this situation weighty, the centre proposed an introduction in Parliament to ban all private cryptocurrencies, with a few exceptions.

This does not imply that you should panic and sell all of your wallet currencies at a loss.

There are a few things you should know and do:

1. The bill that government wants to pass is to ban private cryptos.
2. Do not get panic and wait for the proper bill to pass above this.
3. Go and find the virtual currencies that you hold are private or not.
4. Sell your private currencies as fast as you find the best deal.

I hope above information is helpful.

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