The government of India is going to include cryptocurrency in the assets class on the lines of bond share gold. The framework has been formulated to regulate cryptocurrency.
CV can regulate cryptocurrency. Cryptocurrency exchanges are being divided into three categories as convenience brokerage and trading platform. Brokerage will provide an interface for buying and selling trading business. %
Table of Contents
- RBI Governor Shashikant Das expressed concern over a crypto
- New Opportunity for SIP Investing in Cryptocurrency
- Find out what is the hard limit of Bitcoin
- Indonesia bans cryptocurrency
- Bitcoin prices fluctuate from start to finish
1- RBI Governor Shashikant Das expressed concern over crypto
The RBI Governor expressed concern over the economic and financial stability of the country with cryptocurrency residential currencies.
Instead of imposing a ban on cryptocurrency, its regulation is being discussed. It is believed that the Government of India may bring a bill on cryptocurrency in the coming winter session of Parliament in which the bill will be prepared to keep in view the investment of crores of investors.
The meeting of MPs and industry on cryptocurrency agreed that cryptocurrency cannot be stopped but it is necessary to make rules and regulations.
Also read – What is cryptocurrency?
2- New Opportunity for SIP Investing in Cryptocurrency
So far there are options to SIP in Mutual Funds etc. but now investors can also invest in Cryptocurrency by doing SIP. There are 40 types of Cryptocurrencies available for investment in the market. Crypto SIP is considered a good investment due to the rapid fluctuations in cryptocurrency.
3- Find out what is the hard limit of Bitcoin
In the crypto market, Bitcoin has a market cap of 000 67,000, or 5.4 million, but the hard limits of Bitcoin mining cannot be changed.
With the creation of Bitcoin, the upper limit of its mining has already been fixed at 21 million i.e. 21 million in the source code, i.e. no more than 21 million bitcoins can be created. So far, 18.78 million bitcoins have been mined. The remaining 2 million bitcoins, which is 83 percent of the hard limit, are mining, which is 17 percent. This is the hard limit of bitcoin.
Also read – What is Bitcoin
4- Why Indonesia bans cryptocurrency?
While there are millions of investors in cryptocurrency in many countries including India and some African countries including Ghana are trying to bring their own cryptocurrency on the lines of cryptocurrency, the National Ulema Council of Indonesia, the world’s largest Muslim majority country, banned cryptocurrency and declared it haraam. Is
The ulema have declared cryptocurrency as haraam for Muslims considering gambling as a characteristic collapse and loss and have imposed a total ban on cryptocurrency in their country while El Salvador country has given legal recognition to cryptocurrency in their country. Citizens buy from cryptocurrency Will be able to perform sales and transaction tasks
5- Bitcoin prices fluctuate from start to finish
The first Halving Process took place in 2012, 4 years after the launch of Bitcoin, in which 25 bitcoins were generated from each block and by the end of 2013, the price of Bitcoin reached 200 200. The next halving process took place in 2020 in which 6.25 bitcoins were generated from one block.
The price of Bitcoin reached 100 10,000. The price of Bitcoin hit a record high of 65 65,000 in April 2020, followed by a sharp decline and in August 2021 the price of Bitcoin rose again to 00 50,000 in October 2021. Again, the price of Bitcoin hit a record high of 000 67,000