Neither ban nor regulate crypto

News Today 20.12.2021

“India has officially adopted bitcoin as legal tender,” tweeted the Prime Minister at 2 a.m. on December 12. The suddenness of the announcement, its timing and mode of communication would have shocked any nation. But he had made a similar announcement at 8 p.m. on November 8, 2016, declaring that all ₹500 and ₹1,000 notes would no longer be legal tender. So, introducing a new legal tender arbitrarily was not beyond the realm of possibilities. Fortunately, the tweet was deleted later citing “technical compromise”. Conspiracy theories aside, the nation’s currency is a very serious matter. (Read More)

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