Crypto prices in India tumble after crypto bill announced By Cointelegraph

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

Crypto prices in India crashed quickly after parliament announced to introduce and checklist 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 forex whereas imposing a ban on “all private cryptocurrencies,” beginning on Monday.

Bitcoin value crash on WazirX. Source: WazirX