(C) Reuters. Bitcoin (BTC) in India Could Result in 10-Year Jail Term if Proposed Bill Approved
India may come up with even harsher cryptocurrency regulations, as a new bill was proposed to make any activity related to Bitcoin (BTC) punishable by a jail sentence. The bill proposes a 10-year term for offenders who “mine, generate, hold, sell, transfer or even possess BTC or other cryptocurrencies, reported the Economic Times India.
The country, which has a strong grass-roots crypto community, moved from a lax to restrictive stance on digital assets in just a year.
India has been restrictive to exchanges, making its largest operator, CoinDelta, close after being denied banking services. Additionally, India…
Bitcoin (BTC) in India Could Result in 10-Year Jail Term if Proposed Bill Approved
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