After circulation of Private Crypto Currency Ban in India 2021, Investors are searching on Google is Interesting.

After the circulation of the Private Crypto Currency Ban in India 2021, Investors are searching on Google is Interesting.

After Prime Minister of India, Narendra Modi stated "It is important that all democratic nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youths." With the following Statement, the Government of India is planning to regulate digital assets during the upcoming winter sessions of Parliament. The government of India is planning to Ban Private Crypto Currency networks.

Here we should know about what is Private Crypto Currency

A Type of crypto that's built on a blockchain controlled by a single organization with complete authority over the network.

What are private cryptocurrencies?

1. Verge
2. Zcash
3. Monero
4. Belfrics
5. Bitxoxo
6. BTCX India
7. Buy Ucoin
8. Coinsecure
9. Coindelta
10. Coin Switch
11. Flit Pay

What are Public Crypto Currencies?

No single organization has complete authority and literally everyone can contribute to the network.

1. Bitcoin
2. Etherium
3. Dogecoin etc.

As per a report by moneycontrol.com, the crypto industry estimates point out that there are 15 million to 20 million crypto investors in India. With this, the total amount of crypto holding in the country rises to Rs 40,000 crore or $5.39 billion.

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Meanwhile, Nischal Shetty, the CEO of WazirX – India’s largest crypto exchange platform – tweeted: “The crypto regulation bill has been listed for the winter session. The description hasn’t changed much. There will be speculation on both sides. The good thing is more people within the government are aware of how crypto works.”