Home/ Markets / Cryptocurrency/  Bitcoin campaign website logs over 1 lakh emails to lawmakers on proposed ban

Indiawantsbitcoin.org, a website created by multiple cryptocurrency players in India to lobby against a proposed ban on private cryptocurrency, has registered around 1.11 lakh emails to lawmakers by 26 February.

The website was created after the government listed a bill banning all private cryptocurrencies such as bitcoin just a few days ahead of the Union Budget on 1 February.

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Indiawantsbitcoin.org guides users to send emails to their respective Members of Parliament (MPs) with regard to the bill. It locates the concerned MP of the user based on the place of residence selected by the latter. The website also provides a standard template for the email and allows users to dispatch the email through the website.

According to a Sumit Gupta, CEO, CoinDCX, a cryptocurrency exchange, users of the portal have clicked the 'send email' button on the website around 1.11 lakh times (as of 26 February). The site has received 298,000 visitors, he added. The number of unique visitors, however, is lower at 87,000, suggesting that some users may have sent multiple emails to their local MP.

Constituent members of Indiawantsbitcoin.org include WazirX, CoinDCX, Coinswitch Kuber, Unocoin, Zebpay and Pocketbits.

Media reports have suggested that the crypto bill may be deferred to the Monsoon session of Parliament following public reactions to the proposed ban. The definition of 'private cryptocurrency' is a key issue that stakeholders have sought clarification on.

Neil Borate
Neil heads the personal finance team at Mint. A former colleague called them 'money nerds' and that's what they are. They cover topics like mutual funds, taxation and retirement, all to improve your chances of building wealth. Neil graduated with a degree in law and economics. He passed the CFA Level I exam and began his writing career at Value Research, a mutual fund research firm in 2016. He joined the personal finance team Mint in 2019. Everyday, the Mint Money Team tackles personal finance questions such as where to invest and where to borrow, through articles, charts and reader queries. They also have a daily podcast - 'Why Not Mint Money' and an annual ranking of mutual funds - the Mint 20.
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Updated: 01 Mar 2021, 11:44 AM IST
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