India’s regulators discussed a ban on crypto trading. The panic selling caused by the crypto ban in India led to a huge drop in prices for many of the most popular cryptocurrencies such as (BTCEther (ETH).

After parliament declared that 26 new bills would be introduced and listed in the Winter Session 2021, the Indian Cryptocurrency Regulation and Official Digital Currency Bill (2021), crashed, the prices of crypto in India fell. According to Cointelegraph, the bill seeks to regulate digital currency. Legislative vote for official digital currency while imposing a ban on “all private cryptocurrencies,” starting on Monday.