India banned crypto?!

[larsbalzak]

Rumors say that India has finally banned cryptocurrenties. I was kinda shocked to see the marketcap from $430B to $399B instantly. 

[rbt]

Rumors say that India has finally banned cryptocurrenties. I was kinda shocked to see the marketcap from $430B to $399B instantly.  

It`s even worse, right now the total marketcap is $388B... I was wondering what is the reason for this abrupt drop and I couldn`t find any news to justify this, but a ban of crypto in India might lead to this. If it`s just a rumor, the market will rebound shortly, if it`s official it will probably take couple of days - business as usual.

[tahmad]

I think will not. Look at there, so many ICO from India. So, I think they will not bann crypto.
Crypto and especially in ICO, ICO give big benefit from country. Because what, with ICO someone can do crowdfunding and building their amazing ideas. And this is will give big affect for country.
Slow bro, relax

[BitcoinTurk]

Rumors say that India has finally banned cryptocurrenties. I was kinda shocked to see the marketcap from $430B to $399B instantly. 

Whenever a country brings a stop in this way, then the market is moving and the citizens of that country continue to get crypto money in some way. I think the prohibitions have no meaning, it is possible to get ahead of the money smuggling, but the countries do not achieve them. How long will this ban be effective or how long will it last? Whenever it is understood that there is a forbidden prohibition, we will always see unity.

[IlfarIldarovich]

It seems that such a drop is caused by problems with the Binance exchange , but I can not assure you exactly it is possible and fake that would drop the market even lower for purchases