The institutional antipathy towards cryptocurrencies is no secret in India. Multiple warnings have been issued against their use, many officials have declared that they are illegal. The fact of the matter is cryptos, like bitcoin, are neither banned, nor regulated in the country.
Governments Will be Judged for Harsh Response to Crypto, Warns Tim Draper
Billionaire venture capitalist claims regulators’ rigid position on cryptocurrencies is unanticipated and will be judged unfavorably years from now.
Crypto Defender Spars With Famed Critic During US Senate Hearing
Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."
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