Constitutional challenges to a complete cryptocurrency ban in India

Mastercard, Financial institution of New York Mellon, Tesla — these are a few of the world’s largest companies which have jumped aboard the crypto practice.

India, nevertheless, has determined to go a special route and plans to introduce a regulation banning commerce in all cryptocurrencies — apart from these issued by the federal government itself. Whereas authorized specialists agree with Minister of State for Finance Anurag Thakur when he says that present legal guidelines to cope with cryptos are insufficient, they’re divided over the constitutionality of a blanket ban. “I think about we are going to see a constitutional problem or two …

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First Printed: Wed, February 17 2021. 06:10 IST

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