2017: Bitcoin price spikes sharply from a low of about $2,500 to a high of nearly $20,000. The Finance Ministry compares cryptocurrencies with ponzi schemes.
2017 : A committee comprising FinMin, RBI and SEBI members is formed to look at the regulation over the asset. Two PILs are filed against the use of cryptocurrencies in the Supreme Court.
March 2018: WazirX, which would go on to be acquired by Binance and become India’s largest cryptocurrency exchange.
April 6, 2018: The RBI issues a circular banning all financial entities from dealing with any entity dealing in cryptocurrencies.
March 2020: Supreme Court overturns RBI’s ban.
2021:The government says it will introduce a bill to create a sovereign digital currency and simultaneously ban all private cryptocurrencies.
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