The Economic Times: Who's afraid of Crypto?

Earlier this month, cryptocurrency investors and stakeholders in India suffered another jolt, as certain private banks denied services to crypto exchanges under pressure from RBI. This happened despite no written communication from the central bank, and in contravention of the Supreme Court’s judgment that held RBI’s 2018 circular prohibiting banks from providing services to crypto exchanges to be illegal.

The government’s many flip-flops have demonstrated that it has a woeful understanding of how cryptos and blockchain work.