{"id":2793,"date":"2021-03-19T13:27:31","date_gmt":"2021-03-19T13:27:31","guid":{"rendered":"https:\/\/mobilecoderz.com\/blog\/?p=2793"},"modified":"2023-07-24T10:48:15","modified_gmt":"2023-07-24T05:18:15","slug":"is-cryptocurrencies-set-to-be-banned-in-india-and-traders-to-be-penalized-soon","status":"publish","type":"post","link":"https:\/\/mobilecoderz.com\/blog\/is-cryptocurrencies-set-to-be-banned-in-india-and-traders-to-be-penalized-soon\/","title":{"rendered":"Is Cryptocurrency Set to be Banned in India and Traders to be Penalized Soon?"},"content":{"rendered":"

There are <\/span>eminent reports<\/strong><\/span><\/a><\/span> that states,\u00a0 The government of India has proposed a bill to impose a ban on the investments of cryptocurrency, tradings, and mining in the country.\u00a0<\/span><\/span><\/p>\n

The law is already proposed by Nirmala<\/span> Sitaram, Finance Minister of India. She, in the Rajya Sabha, stated, \u201cThe top-level IMC (Inter Minister Committee) has already been elected under the secretary chairmanship of the secretary of the Economic Affair. They will investigate all the cases pertaining to the currencies that are virtual and will propose a blueprint to prohibit all the private cryptocurrencies. However, there will be an exemption of the virtual cryptocurrency that is issued by the state.\u201d\u00a0<\/span><\/p>\n

Deccan Herald<\/a><\/span>, the leading newspaper published the remark by Sitaram (at the conclave of India Today), “From our side, we are very clear that we are not shutting all options. We will allow certain windows for people to do experiments on the blockchain, bitcoins or cryptocurrency\u201d.<\/span><\/p>\n

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