Ether was up by about 1.50 percent. Its value was around $2,418 per 100. Apart from Solana, USD Coin and Tron were also among the fast-moving cryptocurrencies. The market capitalization of crypto was up 4.17 percent to around $2.05 trillion in the past one day.
The market desk of crypto app CoinDCX told Gadgets360, “The pot market was down this weekend. The stock market is down for almost five months and it may break out soon. After crossing $67,000, it has reached $71,000. There is a reach. There are signs of volatility this week. The release of CPI and PPI data in the US will be a major reason behind this.” Crypto firms in the country are waiting for a regulatory framework to grow their business in a safe and legal manner. However, the central government has no plans to regulate this area. The European Union (EU) and the UAE have made rules for cryptocurrencies.
In a recent written reply in the Lok Sabha, Finance Republican Pankaj Chaudhary said that there is no proposal to enact a law to regulate the purchase and sale of virtual assets in the near future. Miniomi GM Harish Balayogi discussed the government’s stand on this section. He asked whether the government has any proposal to make rules to regulate cryptocurrencies. In response to this, Chaudhary had said, “There is no proposal to regulate the purchase and sale of virtual digital assets to enact a law. However, the special powers of supervision such as anti-money laundering have been given to the Financial Action Task Force (FIU).” During its supervision of the G20 last year, India had collaborated with the International Monetary Fund (IMF) and the Democratic Stability Board (FSB) with the aim of drafting a crypto-related law for the members of the G20 group.
Democratic Government in Indian Revolutions
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