Jhunjhunwala told CNBC he "will never buy bitcoin" and that Indian regulators should step in and ban cryptocurrencies.
The reported move comes as India is moving towards a potential ban on non-governmental cryptocurrencies.
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.
The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
The window of opportunity for investors to cash out to fiat is expected to be between three and six months.
Both nations hope to prevent banks from providing services to crypto companies.
The bill would potentially kick off the development of a digital rupee while banning “private cryptocurrencies.”
The exchanges have set up websites helping supporters email members of parliament.
Internet disruptions are costly, but that doesn’t stop governments from shutting down access.
A recent bulletin from India's lower house had once more raised fears of an total cryptocurrency ban.
The move is bound to make potential and current crypto investors outside the country uneasy as well.
The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street. It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME) stock to counter Wall Street hedge funds […]
A ban on cryptocurrency trading had been in effect for almost two years before it was overturned by the Supreme Court in March 2020.
Aimed at appealing to crypto newcomers, CoinDCX Go allows users to trade smaller denominations of 14 of the industry's top assets.