India’s Cryptocurrency Ban: Top 5 Things To Know

The impact of a cryptocurrency ban on investors and venture capitalists.

A banner depicting coins of various cryptocurrencies is displayed inside the cryptocurrency mining farm and school at the Ministry of Youth and Sports facility in Caracas, Venezuela. (Photographer: Carlos Becerra/Bloomberg)

The ongoing Budget session of Parliament is expected to consider a bill that prohibits all private cryptocurrencies in India and provides for an official digital currency to be issued by the Reserve Bank of India.

Also Read: Decoding The Supreme Court’s Cryptocurrency Judgment


1. #IndiaWantsCrypto Leads Pushback Against Specter Of New Ban

From social media hashtags to email campaigns, India’s crypto investors are doing what they can to lobby against a possible ban.


2. Intent On Ban, India To Give Transition Time To Crypto Investors

India intends to model the regulatory regime for cryptocurrencies along the lines of China, said a senior government official.


3. India’s Crypto Investors Weigh Options Ahead Of Impending Ban

Investors are considering self-custody wallets as one way to secure their crypto holding ahead of an impending ban.


4. Caveat Crypto: Beware Purveyors & Proponents Of Cryptocurrencies

Buyer beware, or caveat crypto, is the essential call that would be best to heed, writes Pramod Rao.


5. Venture Capitalists Backing Indian Crypto Businesses Keep The Faith

VC firms that bet on India’s crypto find themselves facing the same dilemma for a second time in three years.

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