ICYMI: The Indian government's plan to ban cryptocurrencies led to heavy selling in the country's digital currency markets, traders and investors said
The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda released late on Tuesday for the winter session of Parliament set to start this month.
A second crypto investor said the value of his portfolio had fallen to about 22,000 rupees from 34,000 rupees on Tuesday as a result of the heavy selling. "I am contemplating selling because the future is so unclear," said the investor, who asked not to be named as the information is sensitive.
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