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India sees sharp drop in crypto prices as govt proposes bill to ban tokens

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India sees sharp drop in crypto prices as govt proposes bill to ban tokens

timestampNov 25, 2021 authorAlShorts Web Desk

Cryptocurrency counters plunged sharply on Indian exchanges after the govt proposed a bill to ban most private tokens. Bitcoin fell 17%, Ethereum was down by 14%, and Dogecoin saw a sharp drop of 20% against INR during the closing on 24 November. However, BTC and other coins saw a steady growth of over 7% against INR in early trading of 25 November.

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