In last 24 hours many people gone crazy and sold there Crypto Currencies in my country. All this because of the bill that is yet to be introduced in the parliament and is not yet cleared what's its all about.
Now as this situation was seen by the various Crypto expert of the country they came forward and asked people to not panic. I saw that usdt was trading at 60 INR and usually it is trading between 75-80 INR.
The reason why usdt was trading this low is quite simple. People sold their cryptocurrency for usdt and then usdt for inr ( Indian National rupees ). This actually became the reason for the great dump of price of usdt.
I told in my last post about Crypto ban in India that there will be laws and they will try to regulate cryptocurrency so do not panic.
But i have recieved messages from my friends about Crypto ban. just see one of the screenshot i am sharing where my friend is saying that Crypto will be banned.
I gave the link to my recent publication to my friend and have asked him to wait for 29th November. I am saying this prior to 29th November only that there will be no ban but maybe some laws because government want to tax Crypto Currencies as well.
Anyways , that's all for now. If you are from India i would request you to not panic and hold onto your currencies.
Thank you
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I don't know how true this news is or how much of an impact this news will have on those who have it.
But I think it would be a bad thing if cryptocurrency was discontinued in India, because the thing that is slowly gaining acceptance, if it is discontinued so soon, is nothing but sadness. Thank you so much. You have spoken to us about the subject
thank you!
good information!
why there be so much panic?
I thought India already in a process of issuing CBDC, it should be a sign that there will be no ban toward crypto.
is there any FUD rumour going in the community?
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I hope that it is just a regulation and not an outright ban otherwise the people in India will have a hard time in getting much the opportunity that cryptos has to offer.