U.S. Markets closed

Tim Draper Slams India’s ‘Pathetic & Corrupt’ Leaders for Bitcoin Ban

Jose Antonio Lanz
Tim Draper said that India is

The Indian government’s stance on crypto continues to spark controversy. This is especially true after reports spread on social networks suggesting that politicians want to ban all cryptocurrencies except for a sovereign token.

Billionaire venture capitalist Tim Draper was one of those to voice their opinion. The famous bitcoin (BTC) advocate rejected this strategy, describing it as a shame. But that was not enough for an angry Draper, who escalated his criticisms by calling the country’s leaders “pathetic and corrupt.”


India Has Not Banned Bitcoin…Yet

Tim Draper is a very straightforward guy and is quite respected in the community both for his bullish sentiment and his success when investing in markets as unpredictable as those revolving around crypto. His most recent adventure with Tezos has brought him great benefits.

Draper’s tweet triggered strong reactions, especially in the Indian crypto community. While there is a sense of alertness to this possibility, a significant number of users criticized Draper for taking a rumor for granted.


One of those who tweeted back is Nischal Shetty, CEO of Indian Exchange WazirX. Shetty, who is also one of the leaders in the Indian crypto scene, explained that even if the rumor is true, the government is presenting just a draft of a bill. This does not mean that there is already a law that allows the government to ban the use of virtual currencies.

Read the full story on CCN.com.