1 August 2026
Crypto ban in India can cost Trillions of dollars
Former CTO of Coinbase- Balaji Srinivasan believes that a crypto ban in India would reverse the nation’s economy and cost trillions of dollars. Likewise, the former general partner of Andreessen Horowitz considers that such a ban would prevent hodlers from trading, mining and investing in digital assets “should not go through.”.
In a recent interview, Srinivasan further stated that Crypto ban would be a trillion-dollar mistake for India, without exaggeration. It would also be a reversal of economic liberalization in many ways. Besides, the former Coinbase tech chief anticipates that such a ban can be the same as restricting the financial internet from entering the nation of 1.36 billion people. Srinivasan also predicted that India’s crypto ban is likely to force founders to leave the country, resulting in a capital flight.
As per the reports, officials suspect that the upcoming proposal to ban crypto could become a reality and Indian hodlers can be expected to convert their assets into fiat in the coming months. The local reports also revealed that crypto exchanges based in India are now worried about the future regulatory action that could force investors and talent to leave the nation.
Srinivasa has similar views that the ban would “just spur another wave of immigration.” He also believes India would eventually have to “un-ban” cryptocurrencies by 2025 or 2030, to allure the people who had left the country. India would get 20% poorer, instead of witnessing the economic growth planned for the next five years, if the proposal to ban crypto is finalized-Srinivasa concluded.
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