Crypto prices in India tumble after crypto bill announced By Cointelegraph

Regulatory discussions in India round a crypto ban prompted panic promoting on main crypto trade WazirX, ensuing in a large worth drop for main cryptocurrencies, together with (BTC) and Ether (ETH).

Crypto prices in India crashed quickly after parliament announced to introduce and record 26 new payments in the Winter Session, which included the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. As Cointelegraph reported, the bill seeks a legislative vote on creating an official digital foreign money whereas imposing a ban on “all private cryptocurrencies,” beginning on Monday.

Bitcoin worth crash on WazirX. Source: WazirX