cryptocurrency news / Centre block IP addresses of cryptocurrency exchanges /Bitcoin ban in India
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Uncertainty around cryptocurrencies in India continues as the government is reportedly planning to block the internet protocol (IP) addresses of firms or exchanges that trade in cryptocurrencies.
Speculations regarding the blocking of IP addresses have come at a time when reports have already surfaced that the Centre will table Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Parliament very soon.
It must be noted that previously the Centre had tried to block the IP addresses of adult sites and hundreds of Chinese applications, but people were still able to access them.
Virtual private networks (VPNs) provide services that are not otherwise accessible. Similarly, industry experts have said the government might succeed in blocking known sources of platforms permitting trading and investment of cryptocurrencies, according to a report in Business Standard. Still, the measure taken will not be foolproof in successfully executing the ban because of VPN other options.
cryptocurrency news / Centre block IP addresses of cryptocurrency exchanges /Bitcoin ban in India
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