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Cryptocurrency is a bogey that Indian govt needs to ban, not regulate
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cnbctv18.comWhen it comes to preventing scrutiny, the trick of the trade is to seek regulations. This counterintuitive strategy is being adopted by lobbyists of crypto tokens in the country who are coming under increasing pressure from the government, the Reserve Bank of India and the Ministry of Finance.
Industry bodies that support this strategy need to be careful as such a compromise can only harm the fintech ecosystem and the larger economy. The government has to look beyond this bogey of regulations and ban the crypto-assets and companies selling them.Several industry bodies such as Nasscom, IAMAI and IndiaTech along with crypto exchanges in the country are asking crypto products should not be banned but regulated.
Read more on cnbctv18.comAbout this in other media
Cryptocurrency regulation: Is banning cryptos a logical solution? Experts discuss cnbctv18.com /3 years ago
Are crypto ads next battleground for Indian regulators ambcrypto.com /3 years ago
Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report cryptonews.com /3 years ago
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