India to propose law banning cryptocurrencies

in hive-116221 •  4 years ago 

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India is considering a law that will ban cryptocurrencies and fine anyone trading or holding digital assets, according to a senior government official. Bloomberg

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official said, in a potential blow to millions of investors piling into the red-hot asset class.

The bill, one of the world's strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto assets, said the official


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