RATE Group | Bitcoin price surges and exchanges crash as India lifts two-year cryptocurrency ban
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Bitcoin price surges and exchanges crash as India lifts two-year cryptocurrency ban

05 Mar Bitcoin price surges and exchanges crash as India lifts two-year cryptocurrency ban

Posted at 19:34h in Bitcoin News by

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The price of bitcoin has risen sharply and several exchanges have been overloaded after India’s Supreme Court overturned a ban on cryptocurrency trading.

The ruling quashed an April 2018 order by the country’s central bank that prohibited banks and financial institutions from providing “any service in relation to virtual currencies”.

Bitcoin’s value rose by around 5 per cent following Wednesday’s verdict…

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