Up To 10 Years In Jail For Crypto-Dealings, Indian Lawmakers Propose

On June 6, Indian media outlet BloombergQuint reported that Indian lawmakers drafted a bill that would impose a 10 year non-bailable term for those who mine, hold, buy, sell, or deal with cryptocurrencies directly or indirectly. At the same time, the government plans to release its own digital currency.

It should be noted that the source remains anonymous, and that India’s central bank, the Reserve Bank of India (RBI) has stated that it was not consulted on the matter.

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