Bitcoin and Ether Are Rising. India’s Crypto Ban May Not Be So Bad. – Barrons

The two leading digital assets were rising Thursday amid optimism that new rules for cryptocurrencies planned by the Indian government would fall short of an outright ban.

Both Bitcoin and Ether came under pressure Wednesday, as markets reacted to India’s intention to ban most cryptos as part of a plan to introduce a digital currency regulated by its central bank. The government has brought forward a bill to that effect to be considered in the parliamentary session beginning Nov. 29.


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