Recently there were reports that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha during the upcoming winter session.
Govt to introduce 'The Cryptocurrency & Regulation of Official Digital Currency Bill, 2021' in winter session of Parliament— ANI (@ANI) November 23, 2021
Bill seeks to create a facilitative framework for creation of official digital currency to be issued by RBI & ban all private cryptocurrencies in India pic.twitter.com/yeaLfuCiBs
It is believed that the government might put some sort of ban on cryptocurrency or regulate it. The prices of major digital currencies fell significantly due to this speculation. While Bitcoin fell by around 18.53%, Ethereum fell by 15.58%, and Tether was down by 18.29%.
There has been no official statement/announcement by the government yet, but netizens are already in panic and making memes to deal with it.
Crypto Owners to Indian Govt rn: pic.twitter.com/6dnzQc5pDN— Sahil Shah 🇮🇳 (@SahilBulla) November 23, 2021
Let's not speculate and wait for something official to happen.