Yet another “unnamed Indian government source” has come forward with forecasts of doom – telling Reuters that New Delhi is set to unveil a law “banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets,” and stamping out mining.
But, once again, everything may not be quite as it seems, according to one of the crypto industry insiders quoted in the article. Sumnesh Salodkar, a crypto consultant, wrote on Twitter that the article’s title – “India to propose cryptocurrency ban, penalizing miners, traders” – was “slightly misleading.” Instead, he wrote,
“My view on this is that of course the Supreme Court had commented on cryptocurrency and while the [central bank] may take a call on official cryptocurrency but from our side, we are very clear that we are not shutting off all options.”
She added,
“I’m honestly getting tired of every news platform using ‘sources.’ Please, government, if you [want to] do something, just do it!”
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Learn more:
– Indian Crypto Players Want Bigger Role In Shaping Regulation As Ban Is Less Likely
– India’s Crypto Community Fights Back As Ban Bill Turns Into Tiresome Soap Opera
– Indian Central Bank Playing by Same Anti-Crypto, Pro-CBDC Rules as China, EU
– Can’t Beat Crypto Regulators? Educate Them
– OKEx CEO Says Indian Crypto Ban ‘Unlikely’, Has 3 Scenarios in Mind
– Nigerian Senators Blast Central Bank For Its Crypto Ban
– India’s Crypto Ban to ‘Get Thrashed’, while Unocoin Gains 100s of Users Daily
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