India should embrace and not ban cryptocurrencies


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Crypto community is fighting hard in Indian supreme court against the Government’s cryptocurrencies ban.

In 1860s, if Indian authority had shown the courage and adopted the gold standard, we would have been on a different trajectory.” — Dr. B.R. Ambedkar

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India should embrace and not ban cryptocurrencies

Recently, the Indian inter-ministerial panel recommended a ban of all private cryptocurrencies. It also recommended encouraging the usage of distributed ledger technology (DLT) as it sees value in the underlying technology.

It’s like in the 1990s, a panel recommending a ban on Internet as it may be used for illicit activities. And encourage only the usage of the intranet within corporations. If such a ban would have implemented, it would have been huge setback to Indian economy.. Read the full story here…

by Abhay Kamble

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India should embrace and not ban cryptocurrencies was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.