Are large emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears that India might be considering pursuing a similar policy: A bill containing a proposed ban on all “private cryptocurrencies” will go before the country’s parliament sometime this winter. . The move is designed to clear the way for India’s central bank to advance its digital currency agenda. Whether a central bank-issued national digital currency can coexist with a thriving ‘private’ cryptocurrency market will be one of the central questions of the impending CBDC era, and it is clear that...