If the ban becomes law, India would be the first major economy to make holding cryptocurrency such as bitcoin illegal. Photo: Reuters
If the ban becomes law, India would be the first major economy to make holding cryptocurrency such as bitcoin illegal. Photo: Reuters
India

India to ban cryptocurrencies and fine miners, traders, investors: government official

  • The bill would give holders of private virtual currencies such as bitcoin up to six months to liquidate, after which penalties would be levied
  • It would make India the first major economy to ban cryptocurrencies. Even China, which has banned mining and trading, does not penalise possession

Topic |   India
If the ban becomes law, India would be the first major economy to make holding cryptocurrency such as bitcoin illegal. Photo: Reuters
If the ban becomes law, India would be the first major economy to make holding cryptocurrency such as bitcoin illegal. Photo: Reuters
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