Indian Government Plans To Ban Crypto Trading – September 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,951

Bitcoin price has continued to rise over the last 24 hours, ahead of the US Federal Reserve decision today.

Top-20 altcoins are red across the board today, with Ethereum and XRP down 2% each. Cardano and Binance Coin have taken the biggest hits, each falling 7%.

Top Stories for September 16, 2020 πŸ”₯

πŸ‘‰ Indian Government Plans To Ban Crypto Trading

India is planning to pass a new bill which would ban the trading of cryptocurrencies in the country, sources say.

According to the anonymous sources, the government will still attempt to push development in the blockchain sector, however trading of digital currencies will be prohibited.

The move presents yet another twist for Indian crypto regulation, which saw a crypto transaction ban in 2018 – that was reversed in 2020 following a Supreme Court lawsuit.

πŸ‘‰ Bithumb Raided For Third Time, Police Seize Exchange Shares

South Korean cryptocurrency exchange Bithumb has been raided by police for the third time in a single month, this time seizing Bithumb shares.

The shares belonged to the exchange’s director, Kim Byung-Geon, who had been attempting to acquire Bithumb.

The raids initially occurred due to alleged fraud involving the exchange’s BXA token, which caused $25 million in investor damages.

πŸ‘‰ Bahamas to Launch Central Bank Digital Currency Next Month

The Central Bank of The Bahamas is reported to be launching its central bank digital currency (CBDC) next month.

The currency, named Sand Dollar, has already been piloted since December last year, and will enable residents to make mobile payments with ease – even when they are offline.

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