India's government banned Bitcoin, a currency providing great hope for prosperity in a count… https://t.co/eMxAHSZzjx — Tim Draper (@TimDraper) 1563325643000In a strongly-worded message, Tim Draper, an American venture capital investor and a prominent investor in the cryptocurrency space, condemned the Indian government over its cryptocurrency regulations.He tweeted earlier today: “People behaving badly! India's government banned Bitcoin , a currency providing great hope for prosperity in a country that desperately needs it. As reported by ET earlier, the report also states that mining and dealing, holding, selling, deal in, issue, dispose of or use cryptocurrency in India is punishable. However, nothing in this act shall apply to the use of Distributed ledger technology, shows the leaked copy.Draper, was an early investor in Bitcoin. Reportedly, his investments in the cryptocurrency space are estimated to be between $350 million and $500 million.

Source: Economic Times July 17, 2019 12:22 UTC