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India set to bring strictest law banning cryptocurrencies

India set to bring strictest law banning cryptocurrencies

India’s government is set to table a bill in Parliament that seeks to ban cryptocurrencies, fine cryptotraders and miners, and make holding cryptocurrencies illegal. The bill is expected to pass as the ruling BJP has majority in the lower house and an edge with allies in the upper house. If this bill is passed, it will deal a blow to investors, who now hold $1.4 billion in cryptocurrencies.

Kathy
Kathy
Angry_Face
Angry_Face 0 months

In the years Ive been in crypto "India has banned cryptocurrency" around 9 times LOL

Tyler
Tyler 0 months

I have read multiple articles about this issue, but they won’t explain why they are banning cryptocurrency in India. Can anyone explain please?

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