Is Bitcoin going to Ban in India? What will it’s the effect on investors?

Bitcoin continues to be in the news for a Long hand. On one hand, new Feats are being achieved by Bitcoin every day in Cryptocurrency World, on the other hand the news of ban on Bitcoin in the Country by the government is also in Discussion. Now, news has came by our sources, that the government has completed preparation to ban all type of cryptocurrencies including bitcoin in India.

Let us tell you, what is the Full News received to us by Our Sources:
Our News Agency Reuters quoted a source close to the news of the new law on cryptocurrencies on March 15, as saying that the Indian government would bring laws to keep, issue, mine, trade in and transfer its cryptocurrency as criminal activity. Is supposed to be According to the news Sources, this process is in its last stage. If such a law comes, then Bitcoin and other crypto investors got a big Setback by the new law.

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What will be the effect on current investors, if new law will be Implemented?
It is estimated, According to Data, that at present there are about 80 Lakh people investing in cryptocurrencies in India. The total value of the investment can be close to ₹100 Billion. According to the Sources, Government will give 6 months to all the investors to exit cryptocurrency investment after the ban. Earlier, In a Report by Business News Portal, Bloomberg Quint also mentioned in its February report, That Crypto Investors will be fined for not coming out of the investment within 6 Months.