The Indian government will consider a bill aimed at banning almost all privately issued cryptocurrencies.
After the government published the draft document, Bitcoin and other cryptocurrencies have fallen in price on local exchanges and are now being sold at a discount.
At the time of writing, BTC is selling at $54,500 on the WazirX exchange. At the same moment, Bitcoin can be bought on Binance for $56,750 - a difference of 3%.
Many users from India are selling their assets after the lower house of Parliament published a bill banning all private cryptocurrencies. It lays the foundation for the issuance of a central bank digital currency.
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According to www.theblockcrypto.com
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