--- title: "Meaning & Key Takeaway of: The regulator banned cryptocurrency…" description: "\"The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very important for ..." image: "https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg" --- # The regulator banned cryptocurrency... then there was an… ![“The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very important for us to come out with a comprehensive law-one for the private digital currency and second for the government for its digital form of currency, or the…” quote by Anurag Thakur](https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg) [Download](https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg) [Open image](https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg) > “The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very important for us to come out with a comprehensive law-one for the private digital currency and second for the government for its digital form of currency, or the virtual currency.” [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He advocates for comprehensive digital currency legislation to fill regulatory gaps and ensure stability. **In simple terms:** Calls for clear digital currency laws. Key Takeaway Support balanced regulation. Themes economics technology law Mood cautious optimistic Type political economic When to use this quote - banking - crypto startups - government Key Concepts digital currency policy regulation Questions to Reflect On - What balance is needed between regulation and freedom? - How can laws adapt to fast tech change? A Different Perspective Regulation may stifle innovation. ★ ★ ★ ★ ★ No ratings yet [Absence](https://sms4smile.com/quotes/about/absence/) [Court](https://sms4smile.com/quotes/about/court/) [Currency](https://sms4smile.com/quotes/about/currency/) [Government](https://sms4smile.com/quotes/about/government/) [Law](https://sms4smile.com/quotes/about/law/) ## Related quotes > [Many countries are looking at the virtual currency and the digital currency. Now, the issue is a virtual currency by the government, digital currency…](https://sms4smile.com/quotes/anurag-thakur/many-countries-are-looking-at-the-virtual-currency-and-the-digital/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency…](https://sms4smile.com/quotes/jamie-dimon/virtual-currency-where-it-s-called-a-bitcoin-vs-a-u-s-dollar-that-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such…](https://sms4smile.com/quotes/perianne-boring/bitcoin-has-been-described-as-a-decentralized-peer-to-peer-virtual/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.](https://sms4smile.com/quotes/n-chandrababu-naidu/earlier-physical-currency-used-to-dominate-now-mobile-currency-or/) [N. Chandrababu Naidu](https://sms4smile.com/quotes/author/n-chandrababu-naidu/) > [In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital…](https://sms4smile.com/quotes/olaf-carlson-wee/in-a-world-with-many-blockchains-and-hundreds-of-tradable-tokens/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [“Japan was the only place Roger had encountered where people’s response, when he described Bitcoin, was to call it scary—rather than interesting or silly.…](https://sms4smile.com/quotes/nathaniel-popper/japan-was-the-only-place-roger-had-encountered-where-people-s/) [Nathaniel Popper](https://sms4smile.com/quotes/author/nathaniel-popper/) > [I would like to implore all the governments of the world to come together to form a protocol to regulate virtual currency.](https://sms4smile.com/quotes/ravi-subramanian/i-would-like-to-implore-all-the-governments-of-the-world-to-come/) [Ravi Subramanian](https://sms4smile.com/quotes/author/ravi-subramanian/) > [“A payment channel is a state channel where the state being altered is the balance of a virtual currency.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/a-payment-channel-is-a-state-channel-where-the-state-being-altered-is/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [In March 2013, FinCEN issued guidance for virtual currency businesses - giving the industry some degree of clarity about how to be compliant on…](https://sms4smile.com/quotes/perianne-boring/in-march-2013-fincen-issued-guidance-for-virtual-currency-businesses/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [“If there was ever a time that Silicon Valley believed it could revive the long-deferred dream of reinventing money, this was it. A virtual…](https://sms4smile.com/quotes/nathaniel-popper/if-there-was-ever-a-time-that-silicon-valley-believed-it-could-revive/) [Nathaniel Popper](https://sms4smile.com/quotes/author/nathaniel-popper/) > [We don't talk about sources and methods. Don't talk about ongoing intelligence operations. I know there's speculation. But it's important for the American people…](https://sms4smile.com/quotes/george-w-bush/we-don-t-talk-about-sources-and-methods-don-t-talk-about-ongoing/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [I think we certainly benefit from social institutions which encourage us towards moral behavior. It's very important to have law. It's very important to…](https://sms4smile.com/quotes/richard-dawkins/i-think-we-certainly-benefit-from-social-institutions-which-encourage/) [Richard Dawkins](https://sms4smile.com/quotes/author/richard-dawkins/) > [When 'The People's Court' came along, I had an opportunity to really teach people about law. It was very important to me.](https://sms4smile.com/quotes/joseph-wapner/when-the-people-s-court-came-along-i-had-an-opportunity-to-really/) [Joseph Wapner](https://sms4smile.com/quotes/author/joseph-wapner/) > [“The law is too important to be left to the lawyers, to paraphrase Georges Clemenceau about war and generals. We laymen know too little…](https://sms4smile.com/quotes/david-k-shipler/the-law-is-too-important-to-be-left-to-the-lawyers-to-paraphrase/) [David K. Shipler](https://sms4smile.com/quotes/author/david-k-shipler/) > [Sexual harassment law is very important. But I think it would be a mistake if the sexual harassment law movement is the only way…](https://sms4smile.com/quotes/judith-butler/sexual-harassment-law-is-very-important-but-i-think-it-would-be-a/) [Judith Butler](https://sms4smile.com/quotes/author/judith-butler/) ## More by Anurag Thakur > [India should emerge as a destination that attracts people to invest here, which, in turn, will give a boost to investment, industrial growth and…](https://sms4smile.com/quotes/anurag-thakur/india-should-emerge-as-a-destination-that-attracts-people-to-invest/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Various economists and experts had suggested increasing government spending to fight COVID-19, to help the poor survive. On the other hand, businesses were helped…](https://sms4smile.com/quotes/anurag-thakur/various-economists-and-experts-had-suggested-increasing-government/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We take all elections seriously. We are 24/7 politicians working for the interests of the country and its people. We are not like others…](https://sms4smile.com/quotes/anurag-thakur/we-take-all-elections-seriously-we-are-24-7-politicians-working-for/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [The government is simply working to ensure that the farmers get better price discovery for their produce.](https://sms4smile.com/quotes/anurag-thakur/the-government-is-simply-working-to-ensure-that-the-farmers-get/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [If you have a look a few years back down the line then you will find that the previous government had made a big…](https://sms4smile.com/quotes/anurag-thakur/if-you-have-a-look-a-few-years-back-down-the-line-then-you-will-find/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Corporate tax rate cut is a big decision and giving tax exemption of up to Rs 1.45 lakh crore in a year is not…](https://sms4smile.com/quotes/anurag-thakur/corporate-tax-rate-cut-is-a-big-decision-and-giving-tax-exemption-of/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [The Finance Ministry will ensure regular assessment so that our announcements, especially those pertaining to the banking sector, are implemented in a time-bound manner.…](https://sms4smile.com/quotes/anurag-thakur/the-finance-ministry-will-ensure-regular-assessment-so-that-our/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We want your pre-field income tax returns to reach to you and we are working on it. We are also working to simplify GST…](https://sms4smile.com/quotes/anurag-thakur/we-want-your-pre-field-income-tax-returns-to-reach-to-you-and-we-are/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I am a small party worker. I tried to perform in Parliament. Maximum attendance, maximum number of questions asked and maximum participation in debates.](https://sms4smile.com/quotes/anurag-thakur/i-am-a-small-party-worker-i-tried-to-perform-in-parliament-maximum/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Fake News has become a matter of concern in the country.](https://sms4smile.com/quotes/anurag-thakur/fake-news-has-become-a-matter-of-concern-in-the-country/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I have always had the passion of joining the army.](https://sms4smile.com/quotes/anurag-thakur/i-have-always-had-the-passion-of-joining-the-army/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Since my re-entry into cricket as the president of the Himachal Pradesh Cricket Association, I have given my 100 percent.](https://sms4smile.com/quotes/anurag-thakur/since-my-re-entry-into-cricket-as-the-president-of-the-himachal/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [If you see cricket, the IPL is going on and then there is the World Cup. If cricketers can play two tournaments back-to-back, then…](https://sms4smile.com/quotes/anurag-thakur/if-you-see-cricket-the-ipl-is-going-on-and-then-there-is-the-world/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [You will see more fluctuation, I believe, in the private cryptocurrency rather than the fiat.](https://sms4smile.com/quotes/anurag-thakur/you-will-see-more-fluctuation-i-believe-in-the-private-cryptocurrency/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Half-baked truth is dangerous - be it the propaganda of media or somebody else.](https://sms4smile.com/quotes/anurag-thakur/half-baked-truth-is-dangerous-be-it-the-propaganda-of-media-or/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) [Explore all 100 Anurag Thakur quotes ](https://sms4smile.com/quotes/author/anurag-thakur/) ## More Absence quotes > [Distance sometimes endears friendship, and absence sweeteneth it.](https://sms4smile.com/quotes/james-howell/distance-sometimes-endears-friendship-and-absence-sweeteneth-it/) [James Howell](https://sms4smile.com/quotes/author/james-howell/) > [The work, the work, the work. This is what the business is all about. This is the fun, the glory, the pleasure. It's the…](https://sms4smile.com/quotes/phil-dusenberry/the-work-the-work-the-work-this-is-what-the-business-is-all-about/) [Phil Dusenberry](https://sms4smile.com/quotes/author/phil-dusenberry/) > [Total depravity means the entire absence of holiness, not the highest intensity of sin. A totally depraved man is not as bad as he…](https://sms4smile.com/quotes/william-greenough-thayer-shedd/total-depravity-means-the-entire-absence-of-holiness-not-the-highest/) [William Greenough Thayer Shedd](https://sms4smile.com/quotes/author/william-greenough-thayer-shedd/) > [Local and state governments have outrun the federal government. The EPA has served notice that it will enact a rule requiring CO2 reductions by…](https://sms4smile.com/quotes/al-gore/local-and-state-governments-have-outrun-the-federal-government-the/) [Al Gore](https://sms4smile.com/quotes/author/al-gore/) > [There, in the center of that silence was not eternity but the death of time and a loneliness so profound the word itself had…](https://sms4smile.com/quotes/toni-morrison/there-in-the-center-of-that-silence-was-not-eternity-but-the-death-of/) [Toni Morrison](https://sms4smile.com/quotes/author/toni-morrison/) > [Of all the bewildering things about a new country, the absence of human landmarks is one of the most depressing and disheartening.](https://sms4smile.com/quotes/willa-cather/of-all-the-bewildering-things-about-a-new-country-the-absence-of/) [Willa Cather](https://sms4smile.com/quotes/author/willa-cather/) > [Young men have strong passions and tend to gratify them indiscriminately. Of the bodily desires, it is the sexual by which they are most…](https://sms4smile.com/quotes/aristotle/young-men-have-strong-passions-and-tend-to-gratify-them/) [Aristotle](https://sms4smile.com/quotes/author/aristotle/) > [It is suggested that in domestic violence at least the presence or absence of a firearm, or of any other type of weapon, is…](https://sms4smile.com/quotes/colin-greenwood/it-is-suggested-that-in-domestic-violence-at-least-the-presence-or/) [Colin Greenwood](https://sms4smile.com/quotes/author/colin-greenwood/) > [The absence of God in most spheres of life is perceived to be normal, and even Christians feel it as normal - which is…](https://sms4smile.com/quotes/john-piper/the-absence-of-god-in-most-spheres-of-life-is-perceived-to-be-normal/) [John Piper](https://sms4smile.com/quotes/author/john-piper/) > [Every person needs to take one day away. A day in which one consciously separates the past from the future. Jobs, family, employers, and…](https://sms4smile.com/quotes/maya-angelou/every-person-needs-to-take-one-day-away-a-day-in-which-one/) [Maya Angelou](https://sms4smile.com/quotes/author/maya-angelou/) > [“I was thinking how most people don't make you feel much of anything at all. Don't make you feel like time spent with them…](https://sms4smile.com/quotes/jane-lotter/i-was-thinking-how-most-people-don-t-make-you-feel-much-of-anything/) [Jane Lotter](https://sms4smile.com/quotes/author/jane-lotter/) > [Cooperation isn't the absence of conflict but a means of managing conflict.](https://sms4smile.com/quotes/deborah-tannen/cooperation-isn-t-the-absence-of-conflict-but-a-means-of-managing/) [Deborah Tannen](https://sms4smile.com/quotes/author/deborah-tannen/) > [Many are observing Ferguson and witnessing the anger, demonstrations, looting and vandalism and calling for quiet. But quiet isn't enough. The absence of noise…](https://sms4smile.com/quotes/jesse-jackson/many-are-observing-ferguson-and-witnessing-the-anger-demonstrations/) [Jesse Jackson](https://sms4smile.com/quotes/author/jesse-jackson/) > [Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.](https://sms4smile.com/quotes/janet-yellen/will-capitalist-economies-operate-at-full-employment-in-the-absence/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [We must begin by acknowledging that there is a complete absence of two things in Indian Society. One of these is equality. On the…](https://sms4smile.com/quotes/b-r-ambedkar/we-must-begin-by-acknowledging-that-there-is-a-complete-absence-of/) [B. R. Ambedkar](https://sms4smile.com/quotes/author/b-r-ambedkar/) [Browse all 2,057 Absence quotes ](https://sms4smile.com/quotes/about/absence/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very important for us to come out with a comprehensive law-one for the private digital currency and second for the government for its digital form of currency, or the virtual currency.", "creator": { "@type": "Person", "name": "Anurag Thakur" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/anurag-thakur/the-regulator-banned-cryptocurrency-then-there-was-an-order-from-the/", "about": { "@type": "Thing", "name": "Absence" }, "@id": "https://sms4smile.com/quotes/anurag-thakur/the-regulator-banned-cryptocurrency-then-there-was-an-order-from-the/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg", "contentUrl": "https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg", "url": "https://sms4smile.com/quotes/i/dda/anurag-thakur-5704_absence_the-regulator-banned-cryptocurrency-then_2967253.jpg", "width": 1080, "height": 1080, "caption": "“The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of…” — Anurag Thakur", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Anurag Thakur", "item": "https://sms4smile.com/quotes/author/anurag-thakur/" }, { "@type": "ListItem", "position": 4, "name": "The regulator banned cryptocurrency... then there...", "item": "https://sms4smile.com/quotes/anurag-thakur/the-regulator-banned-cryptocurrency-then-there-was-an-order-from-the/" } ], "@id": "https://sms4smile.com/quotes/anurag-thakur/the-regulator-banned-cryptocurrency-then-there-was-an-order-from-the/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```