India Will Not Ban Cryptocurrencies
India has announced that they will not “ban” cryptocurrency but regulate it. With recent circulating rumors of a nation-wide ban on all cryptocurrency trading & exchanges, traders around the world have been selling their digital assets as the market keeps pushing to a bearish volume. Bitcoin has hit a new two month low of $6,500, Ethereum $715, and NEO $89. According to the Post announcement of the Union Budget of India, Subhash Chandra Garg, Secretary of the Department of Economic Affairs, reported that the government will declare frameworks to regulate cryptocurrency trading by the end of the current fiscal year – March 31st.