Indian cryptocurrency entrepreneur criticizes the India crypto ban

India has clamped down hard on cryptocurrencies while encouraging blockchain. A complete ban could be in the pipeline and an entrepreneur has recently criticized the India crypto ban.

Proposed legislation to enforce India crypto ban has provisions for penalties and imprisonment

Lawmakers in the Indian parliament are mulling a stringent legislation for enforcing the India crypto ban. The proposed legislation includes steep penalties and 10-years imprisonment.

Technology businesses lobby with Indian central bank to relax the India crypto ban

Reserve Bank of India, i.e., the central bank in India has consistently opposed cryptocurrencies. A lobbying effort on part of technology businesses in India is underway to relax the India crypto ban.