India Soon To Ban Crypto Again, According To Anonymous Official – February 12

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,249

Bitcoin price continues to look strong today, breaking recent highs to hit $48,900 today. Price is currently hovering above the $47,000 level.

Top-20 altcoins are also performing well, as XRP gains 14%, Ethereum remains unchanged, and Cosmos gains 22%.

Top Stories for February 12, 2021 🔥

👉 India Soon To Ban Crypto Again, According To Anonymous Official

Bloomberg has reported that an anonymous Indian Finance Ministry official says the country’s government will soon place a new blanket-ban on cryptocurrencies.

The source also claims that once the ban is set, crypto holders will be given between three and six months to liquidate their holdings.

India’s Supreme Court had already overturned the Reserve Bank of India’s 2018 blanket ban on cryptocurrency, however the Ministry of Finance proposed legislation in 2020 for a new ban.

👉 Bitcoin ETF Approved By Canadian Financial Regulator

The Ontario Securities Commission has approved the very first North American Bitcoin exchange-traded fund (ETF), which will be available in several Canadian territories.

The fund will replicate the performance of Bitcoin and allow investment for long-term speculation by investors on the price of Bitcoin.

👉 Twitter CEO And Jay Z Give 500BTC To Endowment For Bitcoin Development

Twitter CEO Jack Dorsey and rapper Jay Z are providing 500 Bitcoin to a new endowment called ₿trust, which aims to fund Bitcoin development.

The initial focus of the endowment – which is currently worth over $23 million – will be on teams in Africa and India.