Faculty Fellow Susan Ostermann (global affairs) has co-authored an opinion piece in The Print titled, “India’s Answer to Tax-evasion Lies in Blockchain.” The piece describes the Narendra Modi government's contemplation of banning cryptocurrency in India and starting its own.
The authors conclude that “Blockchain is a technocratic solution that need not be managed by the State. It would be preferable to have private actors design such a system and stand between the State and society on this issue, in much the same way that tax professionals do in the United States and among the wealthy in India, so long as some kind of accountability could be ensured. The Modi government merely needs to allow this alternative tax collection path to develop.”