A blow was struck to the crypto community in India in late April as reports circulated regarding a proposed ban on cryptocurrencies. India has a strong and passionate community of crypto enthusiasts, however, their steadfast belief in the value of cryptocurrency does not appeared to be mirrored in the diverse organs of the Indian state. Cointelegraph takes a deep dive into the latest developments in the Indian crypto sector and speaks to the experts determined to stick out this turbulent period for investors.
In a development set to further consolidate the Indian government’s reputation for a faltering approach toward cryptocurrency, rumors circulated in late April that various government divisions are considering tabling an absolute ban on crypto in all its forms, according to The Economic Times.
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