Bill Banning Crypto Could Mean Jail For Violations
Financial Express Mumbai|December 08, 2021
Payment method. Govt plans to ban most cryptocurrencies
Aftab Ahmed & Nupur Anand
Bill Banning Crypto Could Mean Jail For Violations

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.

The 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.

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