CEO of Zebpay: If the Indian ban is passed, it will lead to the sale of 40,000 bitcoins

According to The Daily Hodl, according to Micky, Zebpay CEO Ajeet Khurana said that if India's encryption ban bill is passed, it could trigger a sell-off of 40,000 bitcoins, worth about $477 million at the time of publication. According to reports, Zebpay's cryptocurrency transactions account for about two-thirds of the Indian market. According to internal information, Zebpay CEO Ajeet Khurana estimates that the number of bitcoins in the legal market in India is 40,000, while the number of unknown black market bitcoins is about 20,000. He said that the total value of other cryptocurrencies in India will be about 1.5 times that of Bitcoin. If the ban is introduced, it will cause a major blow to the encryption market. According to the Odaily Planet Daily, the Indian Supreme Court may postpone the hearing-related ban-related cases until January 2020.