Indian government on cryptocurrency right now | Private crypto ban in India #shorts #indiabanscrypto

Indian government on cryptocurrency right now | Private crypto ban in India #shorts #indiabanscrypto

Indian government plans to ban all private cryptocurrencies soon! In the coming winter session of parliament the central government is proposing a bill barring the use of all private cryptos in the Indian sub-continent. The previous bill on crypto in 2019 stated that private cryptos are those currencies not issued by any sovereign body. but in the blockchain tech, private cryptos are those of which records are open for all. One of them is Monera. But public cryptocurrencies like bitcoin, ethereum, litecoin, solana are those whose transactions are visible to all. So by now, we don't have any clarification about what does the government really define as private currency.

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