Cryptocurrency is growing in India but there looms an imminent danger in the promise of stellar returns in a "not so" regulated sphere. Starting from RBI’s 2018 Circular for total banning to Supreme Court’s 2020 ruling quashing the Circular, to the government’s recent crypto tax, to ASCI’s February 2022 advertising guidelines and to even the recent proposal from SEBI for ban on celebrity endorsements of crypto, the cryptocurrency climate has been constantly evolving.