More details emerge about India’s purported crypto ban.
Smaulgld Live Stream – June 8, 2019
Last night we gave updates information on a report in Bloomberg that indicated that the Indian government has legislation pending that would criminally ban crypto currencies (perhaps only in certain circumstances? – see “resources” below). We also covered Facebook Coin and other crypto stories of the week.
Watch “Crypto Updates: India to Ban Crypto Currencies? & More”
Resources:
Update: The text of the proposed bill was published by Bloomberg IN PART- it doesn’t show key provisions that may make the proposal less onerous; perhaps the ban and prison sentences apply only to enumerated illegal usage.:
Text of proposed India legislation that makes crypto illegal when used for specific purposes (probably illegal activity) – those which bloomberg author did not show in the article
Video
Confirmed with Proof – India is NOT Banning Crypto https://t.co/eLxfbnFbJN #bitcoin #litecoin— Smaulgld (@Smaulgld) June 8, 2019
Reserve Bank of India denies any knowledge of proposed ban.
Reserve Bank of India response to proposed crypto ban as reported in Bloomberg https://t.co/C6buQlHMTB
— Smaulgld (@Smaulgld) June 8, 2019
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