Proposed Indian law purports to ban crypto currencies and provide criminal penalties for their use.
Smaulgld Live Stream – June 7, 2019
Last night we discussed 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).
Watch “India to Ban Crypto Currencies – Bloomberg”
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.:
https://twitter.com/Smaulgld/status/1137322636005060609
Reserve Bank of India denies any knowledge of proposed ban.
https://twitter.com/Smaulgld/status/1137320658218737665
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