Tag Archives: Indian government

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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