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Tag Archives: India

India Proposes 10-Year Prison Sentence for Crypto Use

Jun 12, 2019

Bitcoin Magazine

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...

Can India Really Ban Cryptos Going by Recent Developments in Asia?

Nov 6, 2018

Olusegun Ogundeji

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...

India’s Dilemma With Cryptocurrencies

Aug 30, 2018

Olusegun Ogundeji

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...