Cryptocurrencies were trading in the red at the start of December 10. The global cryptocurrency market cap fell to $ 2.28 trillion, down 3.40% from the previous day. The total volume of the cryptocurrency market over the past 24 hours is $ 105.34 billion, an increase of 2.96%.
Cryptocurrencies have garnered immense investor interest even in an unregulated environment, signaling a risk for traditional investment avenues such as the stock market, according to Nithin Kamath, founder and CEO of the platform.
Zerodha online securities brokerage. Centralized exchanges and custodial service providers that may be established in India should be required to register with SEBI and adhere to the KYC and AML compliance requirements that apply to financial market intermediaries. he declares.
Speaking at a webinar hosted by the National Stock Exchange (NSE) and the Stern School of Business at New York University (NYU), Rao also said India’s case for the issuance of a central bank digital currency (CBDC) could not be solid as there is control of the capital S.
The bill that would ban the use of cryptocurrencies as a form of payment in India also seeks to subject those who break the law to arrest without warrant and detention without bail, source says and bill summary seen by Reuters.