A law has been proposed in India to ban the use of cryptocurrency altogether, with a potential non-bailable prison sentence of up to 10 years for offenders. Bloomberg initially reported on this development on June 6, 2019, noting that a bill has been proposed to attack those who “mine, gener...
India's Financial Stability and Development Council (FSDC) says they have recently discussed several issues including the ban of private cryptocurrencies in the country. The hint is contained in a public statement narrating the outcome of their 19th meeting held on Oct. 30 in which they r...
In what looks like a complete casting away of doubts, the Japanese government has now given the country's crypto industry the free hand to operate and - at the same time - regulate itself. The unusual but pertinent move comes after the Financial Services Agency (FSA) seems to have realized ...
India's Reserve Bank's stance on cryptocurrencies is being put to a test at the moment. As a potential huge market for cryptocurrencies, the bank had in April barred its regulated entities from dealing bitcoin-like cryptocurrencies but it recently set up an inter-departmental group to study and...
Earlier this week, BloombergQuint, a financial publication run by Bloomberg and the Noida-based Quintillion Media, reported that the government of India is seeking to impose a new taxation policy on cryptocurrency trading. Indian financial authorities will classify cryptocurrencies like ...
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