Bitcoin and Ether Are Rising on India Crypto Relief

bitcoin and ether are rising on india crypto relief

Sumary of Bitcoin and Ether Are Rising on India Crypto Relief:

  • Yuri Cortez/AFP/Getty Images The two leading digital assets were rising Thursday amid optimism that new rules for cryptocurrencies planned by the Indian government would fall short of an outright ban.
  • “My belief is that we will have some kind of coherent regulation, but on the tougher side,” Avinash Shekhar, the co-CEO of Zebpay—an Indian cryptocurrency exchange—told CNBC Thursday.
  • ” Bitcoin, which is the largest crypto with a market capitalization of $1.1 trillion, rose 4% Thursday to around $58,700, up from lows near $56,000 reached Wednesday, according to price data from CoinDesk.

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