To ban or not to ban cryptocurrency

As lobbying and counter-lobbying intensify, right now, it looks like a T20 match. We need to wait till the last over is bowled

Topics
cryptocurrency | Bitcoin prices | Blockchain

Tamal Bandyopadhyay 

Tamal Bandyopadhyay

Is it a bird? Is it a plane? At a 1992 World Cup match at The Gabba, commentators were at a loss as they wondered when and how South African cricketer Jonty Rhodes had sent Pakistan’s Inzamam-ul-Haq back to the pavilion. It had all happened in a flash.

The Indian central bank’s reaction to cryptocurrency is somewhat similar. Watching its spectacular rise, the Reserve Bank of India (RBI) is wondering: Is it a currency? Is it a payment system? Is it an asset? The difference is that it’s not a flash. Blockchain data platform Chainalysis says crypto investments in ...

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First Published: Sun, July 04 2021. 21:50 IST
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