In a possible relief to investors, a sudden and complete ban by the government on cryptocurrencies is unlikely according to experts who point out that a brief transition phase would be needed. “Disposing off cryptocurrency assets is not so easy. I don’t think it is practically possible to ban or dispose of existing cryptocurrency. Also see: Crypto should be allowed only as an asset: IAMAI“A complete and sudden ban on cryptocurrency may not be possible because of the complex nature of crypto assets. India holds over ₹6 lakh crore in crypto assets.

Source: The Hindu November 26, 2021 14:17 UTC