Will India Finally See Cryptocurrency Regulations in Place By End of 2018?

Will India Finally See Cryptocurrency Regulations in Place By End of 2018?

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Cryptocurrency regulations in India have been a source of uncertainty for the markets since the government’s unprecedented tirade against crypto that began this past April. However, it’s reported that the government is now likely to finalize some common sense regulatory measures starting in late 2018. A finance ministry panel devoted to the issue has found that the main problem with cryptocurrency regulations is how to define and separate the blockchain from its cryptocurrency counterparts. The Indian government has taken a friendly stance towards blockchain technology, but is still slow to adopt similar opinions towards cryptocurrencies.The finance ministry panel, which is operating under the department of economic affairs, was expected to release its proposal on cryptocurrency regulation in July. That proposal has since been delayed for an unforeseeable amount of time.An…
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XRP Cryptocurrency Now Down 90% From 2018 Price High

XRP Cryptocurrency Now Down 90% From 2018 Price High

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XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since the day’s open. At press time, XRP is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 36 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $5.4 billion within that period. Ripple has now effectively erased most of the gains seen during last year’s bull run and is down 92 percent from its all-time high of $3.75.…
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