$84,791.00
0.31%$1,669.89
4.10%$2.15
-1.96%$591.59
0.63%$132.85
2.34%$0.999948
0.00%$0.165556
0.25%$0.256298
3.91%$0.649633
-0.35%$1,667.70
3.96%$84,799.00
0.31%$9.39
0.04%$20.41
2.19%$13.13
2.08%$0.246064
-1.01%$2.33
-0.38%$0.00001234
0.42%$0.169935
-1.31%$2,010.61
4.61%$0.999798
-0.01%$2.86
-0.64%$339.57
-2.24%$78.48
-0.74%$3.77
0.73%$15.82
-3.37%$0.757969
-0.41%$1.001
0.28%$4.30
-0.73%$0.999107
-0.04%$1,677.16
4.61%$27.78
0.10%$209.71
1.20%$1,775.63
3.93%$5.57
2.63%$53.04
-2.01%$0.00000755
3.80%$84,809.00
0.23%$4.96
-1.16%$0.895288
0.92%$22.49
-0.07%$33.70
0.12%$2.19
0.20%$1.048
0.03%$1.00
0.00%$4.99
-3.15%$0.087089
-1.44%$15.61
2.10%$0.694419
-1.37%$144.95
1.00%$1.16
0.04%$246.78
-1.74%$0.02399004
3.27%$3.96
0.19%$0.074676
-1.22%$4.21
-0.94%$84,588.00
0.11%$0.313944
-5.51%$4.06
0.29%$8.39
-3.34%$0.995799
-0.28%$2.56
1.74%$0.191635
1.93%$0.509739
0.07%$0.185253
-2.95%$2.53
-1.25%$0.304797
-0.77%$3.83
1.26%$84,823.00
0.44%$10.46
1.14%$0.497806
-4.44%$0.078643
-1.58%$1,417.98
3.85%$0.679804
-1.92%$0.388865
-3.06%$139.17
2.87%$0.01690797
7.74%$3.95
-5.89%$0.99898
-0.07%$1.029
-0.93%$0.00001316
-1.85%$1,671.24
4.17%$67.61
0.24%$1,743.40
4.68%$0.762721
-2.47%$0.624194
-2.04%$0.617253
-5.16%$0.181833
-0.15%$0.86726
0.06%$1.002
0.20%$14.66
-2.25%$0.999741
-0.02%$8.33
0.36%$1,887.51
4.34%$0.613432
-0.22%$0.999748
0.00%$0.01654527
0.91%$3,240.44
0.01%$0.08056
-1.49%$0.428765
-1.13%$84,753.00
1.37%$0.308413
-4.48%$592.20
0.79%$3,241.94
-0.06%$0.714943
-3.83%$0.997679
-0.04%$0.72782
-88.38%$0.771969
4.17%$3.85
-0.27%$84,722.00
0.24%$0.0150465
0.79%$0.01969564
-12.42%$0.266519
0.70%$1,773.47
4.02%$145.92
2.10%$0.999131
-0.00%$0.00000063
-3.33%$0.165927
-1.00%$170.42
1.94%$2.06
5.05%$0.101705
-1.16%$0.468993
-3.30%$0.0000588
1.34%$1.89
-3.41%$28.44
-1.44%$0.357585
-0.36%$1.74
-1.16%$3.29
-1.64%$0.284179
7.86%$0.999518
0.27%$0.505436
-5.14%$1,751.30
4.54%$32.21
-4.24%$0.515552
0.83%$15.08
3.51%$0.535145
-2.12%$0.997299
-0.19%$0.13593
0.82%$0.069784
1.58%$82,699.00
0.46%$0.999897
-0.01%$0.423656
-0.49%$0.999898
-0.01%$1.64
-0.26%$0.445324
-4.25%$0.00480517
-0.93%$4.05
-0.64%$0.568618
-0.06%$1.10
0.30%$84,762.00
0.42%$0.00000043
2.08%$0.00755501
-1.73%$0.165811
0.64%$1,745.60
4.28%$84,684.00
-0.03%$1.18
1.43%$1.97
-0.48%$0.998928
-0.17%$1.08
0.00%$14.39
0.64%$1,773.19
3.87%$0.00001992
0.26%$110.66
0.00%$1,675.33
4.59%$84,626.00
0.08%$5.37
-0.23%$0.575522
-0.85%$0.999756
-0.00%$22.87
1.41%$41.78
1.08%$0.127581
-3.52%$0.03868397
-1.52%$2.29
-3.29%$0.071419
-0.26%$0.451384
0.08%$1,667.28
3.70%$5.47
-3.02%$1,667.47
3.87%$77,106.00
0.00%$0.999872
-0.05%$0.03501355
19.11%$1.00
0.08%$0.431897
-0.76%$1,667.98
3.84%$0.074909
-2.03%$0.289346
1.85%$0.780381
1.01%$1.002
0.34%$0.185515
-3.06%$0.00005948
-0.39%$0.00616694
0.17%$0.00512621
-6.41%$4.06
0.10%$0.999841
0.04%$0.512997
-6.04%$1.00
0.07%$0.742335
-5.26%$0.03124966
2.05%$0.154373
-0.57%$0.00365532
-3.45%$0.116965
-9.02%$1,691.90
4.25%$0.00000147
-2.50%$0.314769
-2.79%$1.00
0.08%$112.77
4.35%$0.140797
-0.22%$1.17
3.46%$0.00332292
52.82%$2.57
1.98%$84,726.00
0.34%$0.118216
-12.09%$3,223.65
-0.36%$1,658.90
4.53%$0.213891
-1.98%$84,116.00
0.31%$0.26678
-3.90%$0.577321
-2.80%$2.72
0.80%$0.572888
-2.55%$21.00
1.30%$0.252889
-5.63%$0.442281
0.41%$1,668.31
3.95%$0.495613
0.91%$0.999777
-0.06%$1,764.54
4.17%$0.176133
1.25%$0.02875997
-0.35%$22.09
-0.71%$20.40
1.95%$1.016
-0.07%$0.03334184
-0.60%$1,702.44
0.55%$0.099327
-0.03%$2.88
8.87%$1,827.54
4.15%$13.75
0.31%$0.998757
0.05%$0.654565
0.48%$0.01124179
-0.10%$1,821.66
4.55%$0.00244045
0.10%$84,837.00
0.75%$0.999688
-0.02%$1,669.39
4.36%$1.99
-3.41%$12.50
-0.96%$0.845507
0.75%Reading
India’s government gave crypto investors another reason to fear on Monday after high-ranking officials said a new law would ban the possession or usage of cryptocurrencies, as per a report on Reuters this morning.
The officials said the use of blockchain technology would be promoted in the country but the use of “private crypto-assets”—such as Bitcoin and Ethereum—would be stamped out. A previous bill from 2019 went as far as proposing jail terms for offenders, but for now, the officials say strict penalties are expected instead.
But despite the downbeat outlook for crypto in the country, Indian Finance Minister Nirmala Sitharaman said at a separate event over the weekend that while regulations were on the cards, the government would allow a "window" for experiments on Bitcoin, blockchain and cryptocurrency.
India's draft bill to put a complete ban on cryptocurrency transactions will likely be passed, according to a senior Finance Ministry Official speaking to Bloomberg on the condition of anonymity. The official said that, when the bill gets passed, cryptocurrency holders and companies will have a transition period of between three to six months in order to wrap up their activity. As Decrypt reported recently, the country’s junior finance minister, Anurag Thakur, said that there should be more reg...
“We will allow a certain amount of a window for people to experiment on blockchain and Bitcoin,” said Sitharaman, adding that a Cabinet bill on cryptocurrencies was getting ready and is expected to pass soon.
She added that while the Reserve Bank of India—the country’s central bank—could have taken its own official decision on cryptocurrencies, the Finance Ministry was “very clear” that they would not be “shutting off all options.”
Day 865
Our Finance Minister has now made it clear that India will NOT ban crypto
It’s great to see leaders of India listening to the voice of the crypto community
Let’s continue to spread the right information about Crypto in India
Jai Hind 🇮🇳#IndiaWantsCrypto
— Nischal (WazirX) ⚡️ (@NischalShetty) March 15, 2021
The opposing sentiments of government officials and Sitharaman are a result of the way India’s financial system is structured.
The RBI is a part of the Finance Ministry, but holds complete autonomy over monetary policies, issuance of the Rupee, and regulation of the Indian banking system. The Finance Ministry, on the other hand, handles macroeconomic policies, public financing, inflation, and stock markets.
The Securities and Exchange Board of India (SEBI), the country’s top financial regulatory authority, is cracking down on high-level executives who hold Bitcoin and intend to take their companies public in the coming months, as per a report today on local news outlet Economic Times. SEBI has asked promoters of such companies to sell off any cryptocurrencies they hold before raising funds from the public, the report said, adding that investment bankers and securities lawyers involved with any ongo...
But the two are famous for not getting along. Their heads have held different views on how money should be deployed in India—with one such disagreement even said to be the reason behind the 2018 resignation of former governor Urjit Patel.
Bitcoin and crypto investors are seemingly caught up in the middle of the tension between the RBI and the Finance Ministry. The RBI had previously banned cryptocurrencies in 2018, but the Supreme Court overturned the ban in May 2020.
The RBI said at the time it would continue to lobby against digital currencies, and returned in early 2021 with a new proposal to ban their usage while proposing its own digital stablecoin. It cited potential “financial instability” of the Indian economic system as a significant concern behind its move.
For now, the RBI and the Finance Ministry seem to be at loggerheads once again. Meanwhile, Indian crypto investors remain undeterred—trading volumes continue to average nearly $100 million at WazirX, the country’s biggest crypto exchange.
A new study has found that Bitcoin mining produces harmful air pollutants, with fine particles from the facilities crossing state borders, affecting areas far from the mines themselves. Between August 2022 to July 2023, some 1.9 million Americans were exposed to significant levels of these fine particles, according to researchers behind a groundbreaking study published in Nature Communications. Communities affected include New York City, the Houston/Austin metropolitan area, Northeast Texas, and...
The Mantra token (OM) plummeted over 90% within an hour on Sunday, crashing from nearly $6 to below $0.4 and wiping out billions in market value. "The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice," Mantra co-founder John Patrick Mullin stated on X. Mullin claimed positions were "closed without margin calls or notice," suggesting exchange actions triggered the cascade. In a separate official message, the...
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the fifth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency adoption. Cryptocurrencies are clearly growing in terms of size, scale and types of offerings, which altogether indicates t...
