The network allows for supported cryptocurrencies like BTC, ETH, and others to be used to pay for goods and services, while the vendor receives payment in fiat. What will the price of Amp be next month? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Data from CoinGecko reports AMP ranks as the 27th cryptocurrency by market cap. When this news was written, AMP was priced at IDR 1.302. However, AMP is not yet listed on the Indonesian crypto exchange. Is AMP a good investment? This question does not have a plain vanilla answer in ‘yes’ or ‘no’, as the government and the central bank still look unsure as to how to deal with this new-age phenomenon. In 2018, The Reserve Bank of India (RBI) came out strongly and kind of banned these tokens in India. Then in 2020, the Supreme Court of India reversed the RBI ban. That move was welcomed by the crypto exchanges and investors throughout the country. After this, Indian banks have tried to curtail transactions with crypto-exchanges as, in their view, they are governed by RBI. But later, RBI mentioned that banks cannot quote its 2018 ban to customers as it was overruled by the Supreme Court, paving the way for crypto trading to continue in India.