Banning cryptocurrency will punish India – Priyanka Chaturvedi

(Priyanka Chaturvedi is Member of Rajya Sabha and Deputy Leader Shiv Sena. This column first appeared in NDTV on November 17, 2021)

  • Recently, there has been a bombardment of advertisements around cryptocurrencies in newspapers and on billboards and digital media. The advertisements explicitly tap into the feeling of ‘Fear Of Missing Out’ or ‘FOMO’, promising outrageous (1,000x) returns and creation of wealth overnight, even for a first-time investor. Is this the reality? Keep in mind the volatility of this space – a single tweet from Elon Musk can bring down the value of Bitcoin, one among many currencies that are traded…

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