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Crypto Memes flood Twitter as Indian Govt’s Crypto Bill Scares off Investors

On Wednesday, the Cryptocurrency had a field day on Twitter. The reason being that the Indian government has finally placed the crypto bill in the parliament for discussion. Officially known as Cryptocurrency and Regulation of Official Digital Currency Bill 2021, the bill is being eagerly awaited by the crypto industry.

As the countdown for the upcoming bill has already started, a sense of panic and tension has gripped India’s nascent crypto industry. This panic was very much palpable in the crypto market on Wednesday as prices of Bitcoin, Ethereum and other leading digital currencies fell sharply in the Indian market. The prices of all digital currencies fell by as much as 15%, with Bitcoin’s price almost falling by 18% during the intra-day trading. However, the market somewhat stabilized after news started circulating that the proposed bill is not seeking to ban but regulate crypto industry.

Meanwhile, netzines could not help but poke sarcastic jokes and create lighter moments amid all the tense and panic moments endured by the crypto industry. Below  we’ve complied some of the best memes that were trending on Twitter since Wednesday morning. Enjoy.

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