CRYPTOCURRENCY WILL NEVER BE LEGAL TENDER India will not be making any crypto-asset as a legal tender. Only ‘Digital Rupee’ of the Reserve Bank will be a legal tender in India,” Somanathan said.
Read moreWhich coin is banned in India?
India To Ban Bitcoin, Ethereum And Other Cryptocurrencies . New Delhi: India is set to introduce a bill to ban private cryptocurrencies after the government announced that it will introducing a new financial regulation bill.
Read moreWill the government ban Shiba Inu?
In all probability, the government will define these coins as private cryptocurrency. The most popular crypto coins like Bitcoin, Ether, Dogecoin and Shiba Inu are public , meaning all their transactions are completely transparent.
Read moreIs cryptocurrency banned in India in 2021?
Now that India has pulled back from banning crypto , here’s how it plans to develop digital currency on its own terms.
Read moreWill a Shiba Inu hit 1 dollar?
There is only the remotest of chances Shiba Inu will ever hit a penny in value, let alone a dollar . Reaching $1 would mean the cryptocurrency would be worth $550 trillion, or more than five times the gross domestic product (GDP) of all the world’s economies combined.
Read moreWill Shiba Inu ever reach 1 cent?
If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .
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