Tag Archives: bill cryptocurrencies

The Indian government did not include in the agenda of the winter session the consideration of the bill to ban cryptocurrencies and regulate official digital currencies.. In the summer, the country’s authorities announced that they plan to discuss this project in the period from November 18 to December 13. The bill presupposes not only the introduction of a complete ban on the use of cryptocurrencies, but also the issuance of a digital rupee by the Reserve ATM of India. At the same time, it does not investigate the blockchain and related technologies or applications based on it.. The news of the postponement of consideration of the bill was happily received by the submission of the local crypto community. According to them, this will give additional time to prepare and unite to jointly protect the industry. Some even believe that the government decided not to rush into the ban in order to…

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India Proposes 10-Year Jail For Cryptocurrency Use | RBI Denies Involvement to Ban Cryptocurrencies In the process of discussing a new bill to ban cryptocurrencies, the Indian government has proposed the introduction of up to ten years in prison for those.. If new market regulations are adopted, they supply, buy, sell, issue, manage, or have an indirect relationship to cryptocurrency trading. The considered process of transferring data of owners of digital assets within 90 days from the date of entry into force of the new rules, and in the future to dispose of them only in accordance with the instructions of the authorities. The current version of the document provides for a system of penalties for breaking the rules of the rules. The amount of the recovery will be three times the amount paid by the system or the income of the holders. However, in a recent submission, government officials…

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