TOKYO -- After India's Supreme Court reached a landmark decision in early March that essentially lifted a two-year-old ban on cryptocurrency transactions, the country has seen numerous homegrown and foreign cryptocurrency businesses revive or start up from scratch, like a spring awakening after a long period of hibernation.
But many of the entrepreneurs and investors are pushing ahead with their bets despite fears of another complete ban or severe restrictions on cryptocurrency trading, which bureaucrats and cabinet members are said to be discussing. Local media reports say the government aims to submit a bill to parliament before the November holiday season, which, when enacted, will regulate or possibly ban cryptocurrencies.
