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Bitcoin {BTC} ban: Why Rajeev Chandrasekhar’s interest towards cryptocurrencies is exactly what the industry needs – OBN

Rajeev Chandrasekhar is a member of the Bharatiya Janata Party as well as the Rajya Sabha. 25 years ago, he had established BPL Mobile, which he later sold-off after the Essar Group made an offer amounting to $1.1 billion. His firm Jupiter Capital presides over Asianet News, Kannada Prabha, Suvarna News 24X7 as well as Republic TV.

His role as a tech entrepreneur earned him an honorary doctorate from the Visvesvaraya Technological University located in Belgaum, Karnataka. During the Untold Stories podcast with Charlie Shrem conducted a week ago, Rajeev referred to India’s reaction towards cryptocurrency revolution that is gripping nations across the globe.

The topic of discussion included regulatory clarity, and how similar bitcoin is to the internet when the latter was first rolled-out by the ARPANET. Nischal Shetty, the CEO of WazirX questioned Rajeev about the draft bill proposed by Subhash Chandra Garg and his group. Mr. Chandrashekar responded by praising the Indian system of democracy, and why inputs from tech-experts will definitely be considered before a law is finalized.

Rajeev has a ton of backing from thousands of citizens residing in Karnataka. He is planning to organize a meeting with various crypto-enthusiasts in order to have a healthy and optimal conversational tied to cryptocurrencies and the industry’s current state in India.

Meanwhile, the Reserve Bank of India is yet to give an appropriate response to the demands forwarded by the Supreme Court. The heads of our judiciary have instructed to address executives linked to countless exchanges, many of who were forced to shut down operations due to a poorly-implemented blanket ban.

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Bitcoin is ranked at #1 on coinmarketcap, with a dominance rate of 67.6% associated with it. Currently, BTC is priced at $10,213.34. The trading volume recorded stands at roughly $17.523 billion, while the supply has 17,946,625 BTC coins involved in circulation. The total market cap of Bitcoin is $183.294 billion. A climb rate of 3.14% was noted in the course of the past 24-hours.


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