Dailymailsreaders !! here you get to know, about the opinion of experts on crypto regulation: Investors
should not be in any hurry to buy or sell crypto, the Indian government will give you time limitations
bounding before digital currencies ban in India….
Cryptocurrency Bill: Know Details About Private Digital Currency That Government Seeks to Ban!!
Know you here get to know the answers related to this:-
The Indian government is about to introduce a bill, through which it will be easier to regulate private
cryptocurrency. About 100 million crypto investors of India have created an atmosphere of uncertainty
due to this news. The question in their mind is that in case of a ban on cryptocurrency in India, is it?
What will be done next? According to the research report, more than 100 million people have
invested their money in crypto in India, which is the highest in the world. After that America is placed at
the second number, where there are 27 million crypto investors.
What market experts have to say about cryptocurrency investments:-
The government of India will show some new ways for investors, Arjun Vijay, who is the co-founder of the Giottus cryptocurrency exchange says, “There is panic among investors after the bill came out. Questions are being raised that if the government bans
cryptocurrencies like bitcoin, ethereum, dogecoin, then at will happen to the already existing crypto
with the people? A clear answer to this will be known only after the bill comes, but in 2019 also the
government had brought a bill related to crypto. It was then said that for those who already have
cryptocurrencies, the government will tell them where to send them and how to deposit them. Then the
investors should not be rushed here now.
The Indian government may treat crypto like an asset:-
Siddharth Sogani is the Founder and CEO of CREBACO Global said, “The news that came out last night is
mostly similar to the February 2021 circular. And I don’t think to worry about digital currency.
A private cryptocurrency usually refers to a currency issued on behalf of an individual, firm, or company.
Bitcoin is not a private currency, it is a decentralized currency. Which is available on Public Ledger. In
the opinion of experts, the bitcoin regulation will be treated as an asset or commodity of other
cryptos.
Dear investors, you shouldn’t take any decision in hurry:-
The co-founder of Wazir X Nicholas Shetty, says that investors should not take any decision in a hurry.
Because a similar situation had happened in February this year as well, but later there was a lot of
bullishness in the cryptocurrency market. There is no clear definition of cryptocurrency in our country
yet. So it is too early to say anything about digital currency.
Selling tokens in haste can make you lose money in cryptocurrency:-
The co-founder of Wazir X said that as soon as the news of regulation on crypto came, we saw panic
selling in its market. The crypto saw a drop of 10-15%. The Indian market is at a 5-8% premium to the
global price. When we see a fall of 15%, then according to the global market this fall will be around 5%.
A complete ban is not easy, regulation is the only way:-
Siddharth Sogani as founder and chief executive officer at CREBACO Global said “Cryptocurrencies are
being used all over the world. This is the world of the Internet. In such a set of circumstances, in a
democratic country, it is the right way to regulate it, not to ban it completely. Crypto or digital
currencies are regulated in the UK, Australia, China, France, Germany, Hong Kong, Italy, Japan,
Singapore, South Korea, and most states in the US. I expect that cryptocurrencies can be used in India as
a commodity or asset. What will be the real images, we will get to know after the bill is introduced
in Parliament.
