After the fall of the last few days, there has been some recovery in the Crypto market on Friday. The largest cryptocurrency bitcoin price has increased by about one percent in terms of market value. Strict decisions of President Donald Trump in the US have affected the crypto market.

International Crypto Exchange after this report is published Binance But the price of bitcoin rose by about one percent to more than $ 97,020. The second largest cryptocurrency Ether was a rise of 1.30 percent. The Ether’s price was trading at more than $ 2,700. The price of XRP increased by more than 12 percent to about $ 2.75. The declining cryptocurrency included chainlink, Tether, Monero and BNB. In the last one day, Crypto’s market capitalization declined by about 0.20 percent to about $ 3.22 lakh crore.

Market Analysts say that bitcoin has a trend of recession in short-term. Increasing the apprehensions about inflation in the US has also had a negative impact. Traders in the Ether are less than other cryptocurrencies. Ether has declined significantly compared to bitcoin. There is a resistance at $ 3,000 for this. Recently, the US Securities and Exchange Commission (SEC) had reported that a task force has been created for the purpose of creating a regulatory framework for the Crypto segment. The central government’s stand on cryptocurrency in India has been strict. The Reserve Bank of India (RBI) has also demanded a ban on cryptocurrency.

Dubai’s Crypto Exchange Bybit has reported that it has paid a fine of more than nine crore rupees in India. The Financial Intelligence Unit (FIU) imposed the fine on bybit for not following the rules. Along with this, this Crypto Exchange has registered with FIU. It is necessary to register with FIU for all crypto firms doing business in the country. Recently, bybit had informed its customers in the country that it is stopping his services temporarily. After this, FIU had said that this exchange did not follow the Prevention of Money Laundering Act (PMLA) and would have to pay a fine of about Rs 9.27 crore.

In the last few years, scams associated with the stock market have increased rapidly. To curb this, measures are being taken by Market Regulator SEBI. SEBI has demanded more power from the Central Government to control financial advice from stock market tips and unauthorized sources on social media.

The information received from a government formula and the document viewed by the reuters shows that SEBI has demanded power from the government to remove the unauthorized information related to the stock market from social media platforms like WhatsApp and Telegram. Along with this, the right to access call records has also been sought to investigate the violations of the rules related to the stock market. This is the second time in the last three years when the Securities and Exchange Board of India (SEBI) has demanded the central government to give such power.

SEBI has tried to curb unauthorized financial advice on social media along with intensifying the investigation of violations of the rules related to the market. In a letter sent last week, Markets Regulator has said that companies like META operating WhatsApp have refused to give him access to group chats on social media. The reason for this is not to include SEBI as an ‘authorized agency’ in the Information Technology Act. Such a power tax department, department of revenue intelligence and Enforcement Directorate (ED) have been received.

The letter said, “The scope of SEBI is limited in investigating serious violations related to the market as it has not received power like access to call data records.” In this regard, SEBI, Finance Ministry and META have not answered the email sent for comments. Earlier, access to record related to social media has been demanded by regulators. However, the government has not taken any decision in this regard. WhatsApp had a dispute with the government over access to users’ chat records.