Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Over 17,000 Sign Petition Against India’s Crypto Ban

written by

Over 17,000 Sign Petition Against India's Crypto Ban

Support free journalists: > send a tip

A petition supporting blockchain has gained 17,000 signatures since India Central Bank’s announced it was to terminate business with crypto-related accounts on 5 April.

Starting on the same day the Central Bank made its statement, the impetus behind the petition has been driven mainly by younger users who are employed in the industry, citing youth unemployment as a major concern.

The petition notes that blockchain technology is here to stay and that any prohibition of business activities reduces India’s competitiveness in the market risking the country being “left behind”.

Leaders from within the industry have been voicing their own particular concerns about the ban since the petition. Nischal Shetty, CEO of crypto exchange WazirX, sent a direct tweet to the Reserve Bank of India asking it to “think progressively” and “reconsider” its decision.

As one of the fastest growing economies in the world, India needs to remain competitive by providing new technologies with skilled labour. The blockchain and cryptocurrency sphere is one such area employing many young people.

India has one of the highest youth populations in the world; current estimates indicate a high of 356 million youth. By 2020, 500 million Indian citizens are expected to be under the age of 25.

India’s recent financial growth has not trickled down to benefit the sheer volume of young people who are out work. A lack of skilled manpower is one of the reasons behind such large numbers of unemployed youth and new technologies provide opportunities for new skills to be developed. Since its introduction, blockchain technology has created tens of thousands of jobs for young Indians.

The economic factor is also a concern to many. Recently, tech investor Tim Draper voiced his concerns with the Central Bank’s announcement, suggesting that this “mistake” could cause a tech drain.He believed this scenario to be likely following any total ban of cryptocurrency in India due to other emerging players around the world needing the technological expertise to develop their own industry portfolios.

Pakistan’s State Bank was quick to follow India last week with a statement confirming that financial companies would be barred from working with cryptocurrency firms in the country.


Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter