Month: March 2021

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How the India Crypto Ban Could Impact Investors

March 18, 2021 admin Comments Off on How the India Crypto Ban Could Impact Investors

Here we go again… The India crypto ban part II is being considered. This one looks to be much more comprehensive. And much more likely to stick.

Back in 2018, the Reserve Bank of India (RBI) banned banks from dealing with cryptocurrencies. Naturally, interest in Bitcoin and the like plummeted. But in 2020, the country’s supreme court knocked down the law. This resulted in renewed interest in cryptos. Incidentally, another bill was drafted in 2019 that would have resulted in 10-year prison sentences for anyone dealing with cryptos. This one was never put into practice.
However, this time around Prime Minister Nerendra …read more […]