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Nascent but growing crypto-universe under threat from proposed crypto ban

There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin

bitcoin, cryptocurrency, digital
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Business Standard looked at some of the biggest crypto-ventures in India, and ones whose fate will be squarely decided by the new law

Yuvraj Malik
Fears are rife about the future of cryptocurrency industry in India. Offering little foresight, the government is working on a cryptocurrency legislation that may or may not allow cryptocurrencies like Bitcoin to flourish here. There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin.

“We are very clear that we are not shutting off all options,” Finance Minister Nirmala Sitharaman said in a virtual conference on March 15. “My view on this is that of course the Supreme Court had commented on cryptocurrency and while the RBI may take a call