Cryptos traded in red after the Center drafted a bill to ban private cryptocurrency.

 Cryptocurrency was sold red on Wednesday after the Institute announced its plans to introduce a bill to ban all cryptocurrency cryptocurrencies in India.

Bitcoin fell sharply by 25.04 percent after a recent announcement.

Cryptocurrency was sold red on Wednesday after the Institute announced its plans to introduce a bill to curb all forms of cryptocurrency in India. Bitcoin fell sharply by 25.04 percent after a recent announcement.

Currencies such as Ethereum and Dogecoin dropped by 22.86 percent and 22.54 percent respectively. Litecoin is down 24.59 percent and Ripple or XRP is down 24.66 percent.

Shiba Inu has risen by 27.40 percent and BTC is down 32.22 percent following the government's announcement of the cryptocurrency bill. The most popular cryptocurrency Bitcoin currently trades at $ 56,338.10 while Ethereum currently trades at $ 4,237.59.

Dogecoin is trading at $ 0.2223 while XRP (Ripple) is trading at $ 1.04 from now on. Litecoin is currently trading at $ 210.06. Shiba Inu currently trades at $ 0.00004045.

For those who are not authorized, the Cryptocurrency and Regulation of the Digital Digital Money Bill, 2021 "seeks to prevent all secret currencies in India, however, allowing alternatives to promote basic technologies and their use." Another purpose of the bill is to create a framework for creating an official digital currency, which will be issued by the Reserve Bank of India (RBI).

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