In India, where the Cryptocurrency exchange is very popular, it has been announced that cryptocurrencies will not be banned, but will be regulated.
Unocoin, which is seen as the largest exchange on BTC-Rupee basis in India, has listed the famous meme coins Shiba Inu and Dogecoin. Exchange users can buy and sell DOGE with Indian rupees and SHIB with USDT.
Last month, CoinDCX, India's first exchange to reach a valuation of $1 billion, announced that it had listed SHIB.
In India, where news of the ban on cryptocurrencies has been intense for a few years, it has been suggested that there is a prohibitive law again. However, the Finance Minister denied these allegations in an official statement. The Minister of Finance, who said that only regulation would come, had ended his ban allegations. The bill, which was sent to a lower house of the parliament, is expected to be sent to the upper house and accepted in a short time. The government agency that will be responsible for cryptocurrencies is planned to be the stock exchange.
Shiba Inu, a coin held in India as well as in many countries, became one of the most purchased assets at the national festival, where gold and stock investments are made every year. It was even stated that SHIB was the cheapest and most advertised cryptocurrency in the country during the festival period in November.
DOGE and SHIB, the biggest meme coins, are also rivals. DOGE has a market capitalization of $21 billion, while SHIB has a market cap of around $18 billion.