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India's proposed bill banning crypto payments could mean jail for violations -document
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euronews.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 to 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 euronews.comAbout this in other media
Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues cryptonews.com /2 years ago
Proposed India bill banning crypto payments could mean jail for violations: Report moneycontrol.com /2 years ago
9 in 10 urban Indians worry about savings not lasting through retirement: Study financialexpress.com /2 years ago
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