INSUBCONTINENT EXCLUSIVE:
also be counterproductive, claim experts of the domain.
Last week, ET had reported that a draft bill proposing the ban is being discussed
among various government bodies.
Further, at a recent meeting of representatives from the Department of Economic Affairs (DEA), Central
Board of Direct Taxes (CBDT), Central Board of Indirect Taxes and Customs (CBIC) and the Investor Education and Protection Fund Authority
sale, purchase and issuance of all forms and types of cryptocurrency
believe the decentralised nature of cryptocurrency may render such a ban futile
founder of an Indian exchange
China, Russia, Ecuador and Bolivia, most major nations such as the US, Japan, European Union and Australia have taken a pro-stand, letting
Mumbai-based crypto-exchange, WazirX
million worth of crypto-currencies such as Bitcoin, Etherium and Ripple are bought and sold daily from Indian exchanges, industry players
claim, with the overall industry believed to be worth $1.5 billion and having about 5 million investors
chief executive officer of CREBACO, a cryptocurrency analysis company based out of Singapore.