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https://www.reuters.com/article/us-india-cryptocurrency-ban-idUSKBN2B60R0
The cryptocurrency users were recently hoping that the government may go easy on Bitcoin, since the finance minister had issued some vague statements hinting that there will be no blanket ban. But it looks as if the minister was just trying to fool the Bitcoin users until the regional elections are completed (elections are scheduled for next month). Now it is up to the users to decide what action they need to take during the elections.
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India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.
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The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.
The cryptocurrency users were recently hoping that the government may go easy on Bitcoin, since the finance minister had issued some vague statements hinting that there will be no blanket ban. But it looks as if the minister was just trying to fool the Bitcoin users until the regional elections are completed (elections are scheduled for next month). Now it is up to the users to decide what action they need to take during the elections.
Indian Government will never earn you though easy money methods
