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Cryptocurrency prices crash as India plans to bring bill to ban private digital currencies in winter session

Shortpedia

Content Team
Image Credit: shortpdia

The Indian government has planned to move a bill in the Winter Session of Parliament, which seeks to ban all private cryptocurrencies. This bill will be reportedly called 'The Cryptocurrency and Regulation of Official Digital Currency Bill 2021'. Following the government's proposal, cryptocurrency prices fell remarkably. All major digital currencies saw a drop of more than 15 percent.