Context: Supreme Court showed in haste strikes down RBI’s April 2018 circular that prohibited regulated banks from dealing with cryptocurrency transactions.
Challenges associated with Cryptocurrencies:
Issues associated in regulating cryptocurrencies
Conclusion: Cryptocurrencies are almost impossible to regulate. Banning them is easier than standing up expensive and extensive surveillance architecture. But ,GoI has no business deciding the fate of cryptocurrency so it should let the more knowledgeable RBI have its way on this matter
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