Ban on cryptocurrency transactions in India ..?

in ban •  4 years ago 

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.

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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/

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