It seems like Indian government is planning on banning cryptocurrencies and here are some of the reasons which explains the situation. Cryptocurrency watchers in India, who have been voicing concerns about India’s total ban on digital tokens for months, should be reassured as the central government is poised to put forward a bill at the parliamentary session next winter that, if passed, would only include „private” cryptocurrencies to be banned. The former come first – investors trading Bitcoin, Ethereum and Co. can breathe a sigh of relief because it is a blockchain-based public cryptocurrency business that offers a certain level of anonymity, but is definitely different from what is considered a private Cryptocurrency that Monero, Dash and others of this type know about.“Public” versus “private” cryptocurrenciesAlthough the definition of a “private” cryptocurrency has not been clarified by the central government, it is very likely that Bitcoin, Ethereum, and other crypto
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