The price of Ether has decreased by about 5.70 percent. Its price on international exchanges was down by about 5.68 percent to around $2,375. Apart from this, there was a decline in USD Coin, Cardano, Polkadot, Chainlink, Near Protocol, Polygon, Monero and Stellar. in bullish cryptocurrencies TetherBinance Coin, Ripple, Tron, Litecoin and Bitcoin SV. In the last one day, the market value of crypto declined by about 4.22 percent to about $ 1.99 trillion.
The trade desk of crypto exchange ZebPay told Gadgets360, “Ether is experiencing a lot of volatility. Due to this, it has seen its biggest monthly decline in more than two years. It also has low trading volume. It has strong support at $2,400.” “And there is resistance around $2,850.” of central government crypto There is no plan to regulate the segment. The European Union (EU) and UAE have made rules for this segment.
Recently, in a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary had said that there is no proposal to make a law to regulate the purchase and sale of virtual assets. MP GM Harish Balayogi had raised questions on the government’s stance regarding this segment. He had asked whether the government has any proposal to bring rules to regulate the crypto segment. In response, Chaudhary had said, “There is no proposal to bring a law to regulate the buying and selling of virtual digital assets. However, the Financial Intelligence Unit (FIU) has been authorized for special purposes of monitoring such as anti-money laundering.” Has gone.” During its presidency of the G20 last year, India collaborated with the International Monetary Fund (IMF) and the Financial Stability Board (FSB) with the aim of drafting crypto-related legislation for all members of the G20 group.