This episode is also available as a blog post: https://anynft.in/2022/01/21/is-cryptocurrency-ban-in-india-in-2022/

The government’s position on digital assets has changed significantly over the years, from an outright ban in 2016 to a pending Bill for regulation. The Cryptocurrency Regulation of Official Digital Currency Bill 2021 differs from the previous one, ‘Banning of Cryptocurrency Regulation of Official Digital Currency Bill 2019,’

The older law attempted to ban all crypto-related activities, including buying, selling, mining, and holding. However, the new one will distinguish its frequently used categorization of currency.

There is currently no ban or regulation on cryptocurrency use in the country. Supreme Court Order of March 2020 reversed the order of RBI banning banks from supporting cryptocurrency transactions.

This episode is also available as a blog post: https://anynft.in/2022/01/21/is-cryptocurrency-ban-in-india-in-2022/