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India: Central Bank Bans Many Crypto Transactions
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Cryptocurrency ban may have collateral impact on other blockchain firms in India
Abc Large. Cryptocurrency investors may take to peer-to-peer transfer method to dispose of or to continue holding on to their crypto assets in case the government goes ahead with the plan to ban such virtual money, experts and crypto exchanges have told ET. Several cryptocurrency exchanges have reached out to the government in what is being seen as the last hope to lobby against a complete ban on crypto assets in the country. Cryptocurrencies like Bitcoin are based on blockchain technology that allows peer-to-peer P2P transfer from one wallet to another and one person to another without a banking account or using any other official channel, experts said.
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India Set To Propose Bitcoin Ban
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