If India proceeds with a rumored ban on cryptocurrency, it would not be the country’s 1st attempt to impose forex controls. This time, however, a ban is even considerably less very likely to thrive — and the penalties for India’s overall economy could be more dire. The place shouldn’t make the similar slip-up 2 times. In the 1970s and 80s, at the peak of what was regarded as the License Raj, Indians could only keep foreign forex for a distinct function and with a allow from the central bank. If a businessman acquired foreign exchange to spend about two days in Paris and one particular in Frankfurt, and in its…