It has been reported that a draft bill to penalize individuals and companies that use cryptocurrencies, including bitcoin, will be introduced in the current session of parliament.
Img Src: https://tamil.getlokalapp.com/tamilnadu-news/ban-on-cryptocurrency-transactions-in-india-2045722
The decision is said to be taken because the central government and the Reserve Bank consider such digital currencies to be a threat to the country's financial stability.
It is noteworthy that about 70 lakh people in India have cryptocurrencies worth about Rs 7000 crore.
Src Local Tamil News: https://tamil.getlokalapp.com/