IC15 to monitor cryptocurrencies in India, Cryptowire launched the country’s first crypto index

IC15 will monitor the performance of the top 15 most traded cryptocurrencies listed on major crypto exchanges. After the launch of IC15, the company has claimed that their product will bring transparency in the crypto market.

IC15 will keep an eye on crypto exchanges

The craze of cryptocurrencies is increasing rapidly in India. Irrespective of the loss, crores of investors of the country are investing heavily in cryptocurrencies. While on the one hand the craze of cryptocurrencies is increasing among the investors, on the other hand government agencies are showing strictness about it. While the government wants to end the craze of crypto, crypto exchanges are engaged in tremendous promotion to maintain its craze. Therefore, the crackdown on cryptocurrency exchanges in the country is being tightened in the form of tax. Meanwhile, the country’s first index has been launched to monitor cryptocurrencies.

IC15 will keep an eye on cryptocurrencies

SuperApp Cryptowire has launched the country’s first cryptocurrency index. This crypto index has been named IC15. IC15 will monitor the performance of the top 15 most traded cryptocurrencies listed on major crypto exchanges. After the launch of IC15, the company has claimed that their product will bring transparency in the crypto market.

The central government, which appears strict about cryptocurrencies, is preparing to collect tax from crypto exchanges. Let us inform that DGGI (Directorate General of GST Intelligence) has raided many crypto exchanges. There is a possibility of tax evasion on these exchanges.

After RBI, SEBI also became strict

Let us tell you that RBI is already very strict about crypto. And now SEBI has also taken a tough step against crypto. SEBI has banned mutual funds from bringing in products related to cryptocurrency. The stock market regulator has made it clear that no mutual fund can invest in any cryptocurrency product.

Let us inform that SEBI itself had approved a New Fund Offer (NFO) related to crypto. But now SEBI wants that until the government makes a law, no NFO related to crypto should come.

This year will be great for cryptocurrencies

Efforts are going on around the world to ban cryptocurrencies. Meanwhile, news is coming that this year i.e. the year 2022 is going to be very good for cryptocurrencies. Antoine Trenchev, managing partner of crypto lender Nexo, believes that by the end of June this year, bitcoin will reach one million dollars.

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