NEW DELHI: Prices of Bitcoin and other leading cryptocurrencies plunged sharply on Indian exchanges after the government listed a bill to ban all “private” tokens. But entrepreneurs and investors are hopeful that things may not turn out to be too bad.A government bulletin said the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aimed to prohibit all private cryptocurrencies in India. However, it has allowed certain exceptions to promote the underlying technology of cryptocurrency and its uses. “There have been many positive steps taken by the government to learn and understand cryptos and its impact on all stakeholders — investors, exchanges, policymakers. So, we’re looking forward to a crypto bill that takes into consideration all the inputs from those discussions.”

Source: Economic Times November 25, 2021 05:26 UTC