No one knows exactly when, but the govenrment is expected to ban all “private” cryptocurrency in India and simultaneously announce a sovereign digital currency sometime “soon”.
Isn't it that it's already been an issue that there's already a ban there?This despite numerous appeals from the industry, and a failed attempt by the Reserve Bank of India (RBI) at sneaking in a ban in 2018 by preventing banks from touching crypto. The Supreme Court ruled this ban was unconstitutional last March.The first sale of an item using Bitcoin takes place, with a customer swapping 10,000 Bitcoin for two pizzas. This attaches a cash value to the cryptocurrency for the first time.
That was part of the history and I don't see that there's any connection from the ban. Even though the SC ruled and said that it's unconstitutional, the RBI is persistent of pushing the ban. 