India banning crypto is technically, socially, and politically infeasible; instead, India should use its remittance-friendly regulations to legalize crypto (Balaji S. Srinivasan)

Balaji S. Srinivasan:
India banning crypto is technically, socially, and politically infeasible; instead, India should use its remittance-friendly regulations to legalize crypto  —  India already has a regulatory regime for crypto.  It's called the Foreign Exchange Management Act.  —  Previously, I detailed why India should buy Bitcoin.

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