Cryptocurrency : which is being called the currency of the future, has suffered a major setback after the Modi government’s big announcement. Indeed, on Tuesday (23 November) night, news of a bill being introduced in the Parliament to ban all private cryptocurrencies in India surfaced.
Shortly after this the crypto market exploded. Even the number one coin of the crypto market, bitcoin, saw a decline of up to 26 per cent. Apart from this, the rest of the coins also collapsed badly. The prices of all these have come down by 25 to 30 per cent. All the digital platforms that facilitate the transaction of cryptocurrencies are currently trading on the red mark.