Cryptocurrency This Week: As Indian Government Awaits For Expert Advice, Bitcoin Is Back On Track

After Japan and PayPal’s co-founder Peter Thiel’s Founders Fund threw their weight behind Bitcoin, buying Bitcoins worth $15 Mn-20 Mn, the cryptocurrency is back on track. The cryptocurrency is currently trading at $16.5K, registering 20% surge since January 1, 2018.

Meanwhile, in India, Bitcoin has joined Parliamentary discussions too, as Arun Jaitley reiterated the Indian government’s stance on cryptocurrencies. While Indian exchanges reach AAR’s gate over GST slab, the government is apparently seeking expert advice on how to shut down Bitcoin and other cryptocurrencies trading in India.