At least 30 tech and crypto founders have reportedly been “secretly debanked” in the US during Operation Chokepoint 2.0. This operation has raised concerns among entrepreneurs in the technology and cryptocurrency sectors. The move has sparked fears of financial discrimination and censorship in the industry. Operation Chokepoint 2.0 is said to be targeting individuals and businesses operating in these sectors, leading to account closures and restricted access to banking services. The affected individuals have voiced their frustrations and highlighted the need for regulatory clarity and protection against such actions. The development comes at a time when the crypto industry is gaining momentum in India, with increasing interest from investors and entrepreneurs. The government has been exploring regulations for cryptocurrencies, aiming to strike a balance between innovation and consumer protection. The incident in the US serves as a cautionary tale for stakeholders in the Indian crypto and tech communities. It underscores the importance of establishing clear guidelines and safeguards to prevent similar actions in the future. As the industry continues to evolve, it is crucial for policymakers and regulators to create a conducive environment that fosters growth and innovation while mitigating risks. Stay tuned for more updates on this developing story.
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