empty
04.08.2021 11:12 PM
India may ban Bitcoin and other altcoins

This image is no longer relevant

Not only are China and Turkey united. It seems that bitcoin may have a black streak again, which will not allow the cryptocurrency to settle at the level of $42,000 and go into a bullish trend. Another country is considering a complete ban on bitcoin and other altos, the work of cryptocurrency exchanges. India is thinking very carefully about banning bitcoin and other crypto assets.

Indian Finance Minister Pankaj Choudhary said that no final decision has yet been made on how cryptocurrencies will be regulated in the near future on the territory of India and whether bitcoin and all other cryptocurrencies will be banned in the future. So far, a special high-ranking government committee on this issue has not yet been established.

If you look into the past, two years ago, an interdepartmental committee proposed to introduce a ban on bitcoin and other altcoins in India, which entails criminal liability for trading, hoarding and mining in India.

The world-famous Reuters news agency has notified that India will be ready to adopt a law regarding the fate of bitcoin and other cryptocurrencies in the very near future. Also, Indian Finance Minister Nirmala Sitharaman mentioned that so far it is still just talk, since India wants to move with the times and a complete ban on bitcoin is not at all the path that a highly developed country wants to move along.

In June, the Indian newspaper The New Indian Express wrote in the headlines of its news that the Indian government had softened its attitude with regard to crypto assets, and the Reserve Bank of India also decided that in June, the central bank had great concerns about the adaptation of cryptocurrencies in India and the gradual replacement of fiat.

India, like China, does not want to have a currency in its country that cannot be controlled. It is creating its own digital national currency, similar to the digital yuan in China, which will use blockchain technology. Therefore, we can assume that bitcoin is unprofitable for the country and they will also want to get rid of it in the very near future.

Vitaly Kolesnikov,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Recomendações de negociação para o mercado de criptomoedas em 25 de abril

A tentativa malsucedida de ontem de se manter acima dos US$ 94.000 demonstra que ainda há um interesse de compra significativo. O Ethereum também tem mostrado resiliência, embora a correção

Miroslaw Bawulski 17:15 2025-04-25 UTC+2

Análise técnica do movimento intradiário de preços da Polkadot, sexta-feira, 25 de abril de 2025

Embora o indicador Stochastic Oscillator esteja acima do nível de sobrecompra (80), o preço ainda se mantém acima da WMA (30 Shift 2), o que indica que o viés permanece

Arief Makmur 16:09 2025-04-25 UTC+2

Análise técnica do movimento intradiário de preços da criptomoeda Solana, sexta-feira, 25 de abril de 2025

Embora a criptomoeda Solana esteja atualmente em uma tendência de fortalecimento, indicada pelo movimento de seu preço acima da WMA (30 Shift 2), há uma divergência entre o movimento

Arief Makmur 15:54 2025-04-25 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 24 de abril

O Bitcoin não conseguiu se manter acima do nível de US$ 94.000 e foi corrigido para a área de US$ 92.500, onde parece estar mais confortável. O Ethereum também recuou

Miroslaw Bawulski 17:30 2025-04-24 UTC+2

Análise do BTC/USD – 24 de abril: Bitcoin mostra sinais de recuperação

O padrão de ondas no gráfico de 4 horas para o par BTC/USD tornou-se mais complexo. Observamos uma estrutura corretiva de baixa que foi concluída em torno da marca

Chin Zhao 15:06 2025-04-24 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 23 de abril

O Bitcoin superou com sucesso os US$ 90.000, enquanto o Ethereum registrou um aumento de mais de 10% em apenas um dia, recuperando-se para US$ 1.800. O principal catalisador

Miroslaw Bawulski 17:37 2025-04-23 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.