Today news
About the same in other media
Proposed India bill banning crypto payments could mean jail for violations
Reading now: 992
business-standard.comProposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.
Prime Minister Narendra Modi's government has previously flagged that it plans to ban most cryptocurrencies - a move which follows measures by China this September that intensified its crackdown on cryptocurrencies.
According the summary of the bill, the Indian government is planning a "general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing" in digital currencies as a "medium of exchange, store of value and a unit of
Read more on business-standard.comAbout this in other media
India is said to consider capital markets regulator for crypto economictimes.indiatimes.com /2 years ago
Crypto Violators May Face Prison Time Under India’s New Proposal - Report cryptonews.com /2 years ago
Proposed India bill banning crypto payments could mean jail for violations: Report livemint.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
