India’s central bank wants to ban cryptocurrencies, government says (opens in new tab)

I think instead of banning cryptocurrencies, countries should regulate the tokens like a security. This way, entities that issue tokens will have to follow the same rules that stocks follow.

Well the government didn't ban it yet. the Ministry is in consultation with the other governments to find a good way to regulate the sector.

I think every country wants to track the inflow and outflow of money.Once they have some mechanism either through CBDC or KYCed wallets I feel the sector will just boom like any other software company.