Do not ban cryptocurrency... warning was given to the Government!!!
Warning to the government that banning cryptocurrencies is an unwise act. The Center for the Observer Research Foundation has stressed that banning cryptocurrencies in india is unwise. More than 15 million indians have invested and they are trading in cryptocurrency. The Observer Research Foundation (ORF) said in a statement that the government should focus on cryptocurrencies and legalize them according to specific rules, which would be "irrational" by the government if it decides to ban cryptocurrencies. In the last five years, cryptocurrency has become one of the fastest-growing futures trading technologies.
In addition, india has two crypto unicorns and more than 350 crypto start-ups. From these figures, the ORF says there is no doubt that the cryptocurrency trade will be a growing industry and that the government should take advantage of the growing crypto market. The ORF has warned the government that banning private cryptocurrencies could cause significant revenue loss to the country and encourage new businesses to operate illegally. Currently, the federal government has said that the new bill on cryptocurrency will soon be submitted to the cabinet and passed in Parliament, giving confidence to crypto businesses and investors.
