The tech holes that ensure that crypto can never be effectively banned

It is estimated that $1.25 billion worth of cryptocurrency transactions have happened on decentralised finance platforms from India

It is not possible to enforce an effective proscription on cryptocurrency in a foolproof manner, say experts in the fledgling industry even as India vacillates between a ban and no ban.

“It is like wanting to ban file-sharing through torrents. Gove­r­n­ments all over the world have tried doing it for 20 years, but it is very difficult to stop a peer-to-peer network,” said Harsh Rajat, co-founder of blockchain start-up EPNS (Eth­e­­reum Push Notification Service).

At present, there are two major examples of countries that have banned crypto and evidence shows that both of them have not succeeded.

First, Nigeria’s central bank curbed local