RATE Group | India’s Bitcoin Ban Bill Aims to Outlaw All Cryptocurrencies
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India’s Bitcoin Ban Bill Aims to Outlaw All Cryptocurrencies

16 Jul India’s Bitcoin Ban Bill Aims to Outlaw All Cryptocurrencies

Posted at 09:44h in Cryptocurrency News by

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Rumours of a proposed bill in India that bans cryptocurrency may have been confirmed after Indian blockchain lawyer Varun Sethi posted an alleged first draft of the proposed bill.

The “Banning of Cryptocurrency and Regulation of Official Digital Currencies” bill, which proposes to ban or heavily restrict all cryptocurrency-related activity in India, was leaked this week.

Proposed Bill Targets Entire Crypto Ecosystem

A report from the Economic Times in April 2019 mentioned that the bill had already been examined by a committee of representatives from the Department of Economic Affairs, Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs (CBIC)…

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