How Should Indians Take the New Crypto Regulation in 2021?

Do you think Cryptos like Bitcoin and Ethereum will be banned in India? Get a fresh opinion on the recent crypto regulation and check out the possibilities of making money with digital asset trading.

In the union budget of 2021, the finance minister stated that private cryptocurrencies such as Bitcoin will be banned and India will have its own digital currency with a regulated framework. This news brought a major disappointment in various crypto enthusiasts and investors of the country and forced many of us to go speculative on the future of crypto in India.

However, if you believe the experts, it is very unlikely that the Indian government will do something like that in the near future. All the reasonable theories and facts make us believe that the Indian government will not impose a blanket ban on cryptocurrencies. In fact, there are many reasons due to which India is unlikely to curb the selling and buying of crypto of India and we will discuss them in this blog.

Here’s why India will not ban private cryptos like Bitcoin and Ethereum:

  • It would be a very discouraging step that would finish the interest of foreign investors who are willing to support the burgeoning crypto market in the country.

Cryptocurrency is the future and the Indian government realizes it very well. By banning crypto like Bitcoin and Ethereum, it would deprive the citizens of various benefits. In the age of social media where a trivial comment could foment the emotions of millions of people, the administration cannot take the risk of disappointing the growing crypto community of India.

Acetherx is a cryptocurrency exchange that is dedicated to helping every crypto enthusiast in India and across the globe. We want to ensure that every crypto enthusiast in the country that cryptocurrency can be easily purchased and sold using our platform. We allow you to buy and sell digital assets with a legal process and help the investors with precious insights.

We enable you to feel the power of crypto with a very seamless decentralized structure. Our platform has been created to deliver maximum efficiency and it enables every user to make the most of blockchain technology.

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