CRYPTO BAN IN INDIA 👀 → 2018: RBI circular banned banks from crypto. Supreme Court struck it down in 2020. → 2019: Inter-Ministerial Committee drafted a bill to ban private crypto. It never left the draft stage. → 2021: Government announced plans for a crypto prohibition bill. It was never introduced in Parliament. Today's story is the RBI testifying before a Parliamentary Standing Committee, repeating warnings it has made consistently since 2013. That is the same institution saying the same thing it has said for over a decade, and headlines are treating it like breaking news. Here is what the panic always misses. India has taxed crypto gains at 30% with 1 percent TDS since 2022. You do not build a taxation framework around something you intend to eliminate. Every rupee collected is the government tacitly admitting crypto exists, operates, and generates revenue worth protecting. The Supreme Court precedent from 2020 still stands too. Any future ban attempt does not just need political will, it needs to survive judicial review on proportionality grounds. That is a real legal backstop, not a hope. With an estimated 39 million crypto holders in the country, banning crypto outright is no longer just a policy decision. It is a political one, and it carries a cost no government has been willing to absorb three times running. None of this means India will never regulate more tightly. It probably will, and stricter rules on banks and payment rails are the more realistic outcome than prohibition. But the specific fear driving today's headlines, a nationwide ban on individuals holding or trading crypto, has been tried and has failed to materialize three separate times in eight years. Patterns repeat until something structurally changes. Nothing structural has changed here.