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Proposed bill banning crypto payments could mean jail for violations
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Mumbai: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.
Prime Minister Narendra Modi's government has previously flagged that it plans to ban most cryptocurrencies — a move which follows measures by China this September that intensified its crackdown on cryptocurrencies.
. Read more on economictimes.indiatimes.comAbout this in other media
India's crypto ban bill could mean arrest and jail without a warrant or bail for violations euronews.com /2 years ago
India's proposed bill banning crypto payments could mean jail for violations -document euronews.com /2 years ago
Draft Cryptocurrency Bill In India: Prison Sentence, Fine Of Up To Rs 20 Crore For Violation ndtv.com /2 years ago
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