However, balances visible through Google search will not be updated in real time. Balances will be visible only in tokens of blockchains eligible for this feature. Screenshots of this feature are visible on social media platforms. Blockchain transactions are saved on public domains. A wallet address does not reveal the identity of its holder. The control of every crypto wallet lies in its private key and this key is with the holder of the wallet. The crypto market has been bullish for the last few weeks. earlier this month Bitcoin had made a high of more than $73,700.
International bank Standard Chartered estimates that Bitcoin could reach a price of two lakh dollars by next year. However, the central government remains strict regarding cryptocurrencies in India. Recently, Finance Minister Nirmala Sitharaman had said that cryptocurrencies are not considered or seen as ‘currency’ in the country. On the question of change in the attitude of the government towards this sector after the boom in the crypto market, Sitharaman said, “The government has always believed that the assets created on crypto should be assets for trading and many other things. We have not regulated these currencies and this is the position of the Central Government.
There has been a lot of growth in the crypto market after the Bitcoin Spot ETF got approval from the securities regulator in America. Funding in these ETFs is also increasing. Along with Bitcoin, the prices of Ether and other cryptocurrencies have increased. Earlier, capital market regulator SEBI had said that due to ease of transactions, a large number of investors from the stock market may move towards the crypto segment.
Cryptocurrency prices in Indian exchanges
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