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Is a ban even possible on private cryptocurrencies?
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moneycontrol.comBan on private cryptocurrency has been the top news this week as ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ is set to be tabled in Parliament’s Winter Session which will begin on November 29.
But, while the noise has mostly been around clarity of private cryptocurrency and other concerns about crypto being an asset or a currency, one more fundamental question that arises at this juncture is: can the Government of India actually put a blanket ban on private cryptocurrencies?
For the unversed, cryptocurrencies are based on distributed ledgers, that is they use blockchain technology to have multiple ledgers, which are connected over the network. Any transaction on the network is recorded and cross-checked across all
Read more on moneycontrol.comAbout this in other media
All Private Cryptocurrency Will Be Regulated, Not Banned: Sources ndtv.com /3 years ago
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /3 years ago
Is it really possible to completely ban Cryptocurrency in India? Check experiences from other countries financialexpress.com /3 years ago
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