This page doesn’t just track the latest prices of cryptocurrency though — it also has all the latest news about cryptocurrency that you can read in one place, so that you don’t just know what is happening with your investments, but also why, and can make intelligent and informed choices. Today cryptocurrency prices by market cap The answer to this question is not purely black or white as the central bank of India and the government look unsure as how to deal with this new age currency. The central government has banned these currencies back in 2018 and then in 2020, the Supreme Court of India reversed the RBI ban. Finance Minister's proposal to tax virtual assets has sparked a debate over the legality of cryptocurrencies in India. While many have welcomed the decision to tax digital currencies thinking that it is the first step to recognise the virtual currencies, the government has not yet clarified whether currencies like Bitcoin can be considered legal tender in India. read less

This question does not have a plain vanilla answer in ‘yes’ or ‘no’, as the government and the central bank still look unsure as to how to deal with this new-age phenomenon. In 2018, The Reserve Bank of India (RBI) came out strongly and kind of banned these tokens in India. Then in 2020, the Supreme Court of India reversed the RBI ban. That move was welcomed by the crypto exchanges and investors throughout the country. After this, Indian banks have tried to curtail transactions with crypto-exchanges as, in their view, they are governed by RBI. But later, RBI mentioned that banks cannot quote its 2018 ban to customers as it was overruled by the Supreme Court, paving the way for crypto trading to continue in India. 3. Tether (USDT) Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.