Crystal Clear Insight: Seven Pivotal Mining Bans That Redefined The Global Cryptocurrency Landscape

India's Flip-Flop Stance

India's relationship with cryptocurrency has been tumultuous. In 2018, the Reserve Bank of India (RBI) prohibited banks from dealing with cryptocurrencies, effectively banning crypto mining. However, in 2020, the Supreme Court of India overturned this ban, providing a lifeline to the crypto industry. Despite this reprieve, the Indian government has indicated plans to introduce new legislation that could once again ban cryptocurrencies. This back-and-forth has created an unstable environment for crypto mining in India, affecting investor confidence.