Constitutional challenges to a complete cryptocurrency ban in India

The need then is to regulate, not ban, experts say

Mastercard, Bank of New York Mellon, Tesla — these are some of the world’s biggest firms that have jumped aboard the crypto train. India, however, has decided to go a different route and plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself.

While legal experts agree with Minister of State for Finance Anurag Thakur when he says that existing laws to deal with cryptos are inadequate, they are divided over the constitutionality of a blanket ban. “I imagine we will see a constitutional challenge or two before the ink dries