**India to Ban Majority of Cryptocurrencies** In a significant development, India is preparing to implement a ban on most cryptocurrencies within the country. This move has been anticipated for some time and will be part of a comprehensive bill that is currently being considered. The proposed ban will affect major global cryptocurrency exchanges such as Binance, Kucoin, and OKX, among others. The government's rationale for the ban is to protect investors from the risks associated with these digital assets. In the past, the government has expressed concerns over the volatility and speculative nature of cryptocurrencies. It has also highlighted the potential for their use in illegal activities, such as money laundering and terror financing. The ban will have a significant impact on the cryptocurrency industry in India. It is estimated that approximately 100 million Indians invest in cryptocurrencies, and many businesses have been established to facilitate these transactions. The government has indicated that it will not completely prohibit all cryptocurrencies. It is expected to introduce a framework for the regulation of certain digital assets that meet specific criteria. Overall, the ban on cryptocurrencies in India is a significant step that will have far-reaching consequences for the industry and investors alike.
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