Attention To Investors Of These 13 Altcoins: They Could Be Banned!

Amid growing concerns about serious threats to India’s macroeconomic and financial stability, some altcoin projects seem to be in jeopardy.

These private altcoin projects could be banned in India

The Reserve Bank of India submitted a bill to the Parliament on Tuesday that would ban all private cryptocurrencies with some exceptions. This means that no one should mine, buy, produce, hold, sell, trade, publish, transfer, dispose of or use cryptocurrencies. The “Regulation of Cryptocurrency and Official Digital Currency Act 2021”, which will be introduced at the winter session of the Parliament which will start on 29 November, aims to “establish a facilitating framework for the creation of the official digital currency to be issued by the Central Bank of India”. As we have reported, the bill also aims to ban all private cryptocurrencies in India. However, it does allow certain exceptions to promote the technology underlying cryptocurrency and its uses. Private cryptocurrencies provide a level of privacy not available in others. A private cryptocurrency uses various cryptographic measures to mask information on the Blockchain. This means that wallet addresses will be masked or hidden in the private cryptocurrency network and the details of the transaction can be hidden. Here is a list of such altcoins:

  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Verge (XVG)
  • Beam (BEAM)
  • Grin (GRIN)
  • Horizon (ZEN)
  • ByteCoin (BCN)
  • FIRO
  • Super Zero Protocol (SERO)
  • BTCX India
  • UCoin (U)
  • Delta

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on do not constitute investment advice. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

source site-1