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<blockquote data-quote="cheryl" data-source="post: 4803721" data-attributes="member: 1"><p><a href="https://www.reuters.com/article/us-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idUSKBN2B60R0" target="_blank"><strong>India to propose cryptocurrency ban, penalising miners, traders - source - Reuters</strong></a></p><p></p><p>India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.</p><p></p><p>The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.</p><p></p><p>The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. But recent government comments had raised investors’ hopes that the authorities might go easier on the booming market.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4803721, member: 1"] [URL='https://www.reuters.com/article/us-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idUSKBN2B60R0'][B]India to propose cryptocurrency ban, penalising miners, traders - source - Reuters[/B][/URL] India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan. The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. But recent government comments had raised investors’ hopes that the authorities might go easier on the booming market. [/QUOTE]
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