Crypto effect: Lack of policy clarity casts shadow on blockchain startups

Several countries have taken a cautious approach to cryptocurrencies, but few have gone to the extent of dissuading their use like India has done

There’s a thought that’s gathering steam among India’s entrepreneurial circles. Blockchain, the wonder technology they once saw as an answer to some of the biggest problems that the country face today, has become a victim of the Indian government’s regressive views on cryptocurrency. 

To be sure, while cryptocurrencies such as Bitcoin and Ethereum are only one of the use cases of Blockchain, they’re by far the biggest users of the technology.

If it wasn’t bad enough that the government and authorities have repeatedly made statements dissuading the use of cryptocurrencies (all while staying away from laying down any concrete regulations for their