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India: Survey finds majority distrust cryptos, don’t support taxation, legalization
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India is preparing to welcome the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. However, speculations around an alleged ban on “private cryptocurrency” have taken over the Indian market. In fact, soon after the first reports broke out, one of India’s leading crypto-exchanges WazirX crashed.
Reportedly, the exchange has been witnessing heavy traffic since 23 November. Amid the confusion of regulatory clarity, a lot of investors have started selling and exiting the market.
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