Latest topics
» POOFness for JUN 26: MIDWEEK BY ZAP DOUGKOWSKI
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 10:14 pm by 4-truth

» POOPness for JUN 25: Losing Focus so I'll Pretend to be Doug Jones
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 6:54 pm by 4-truth

» Mobile network balloon sparks UFO scare
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 5:53 pm by PurpleSkyz

» Eruption of Anak Krakatau & Stromboli volcano, Italy
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 4:49 pm by PurpleSkyz

» Never a dull moment....
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 1:20 pm by ReneGade

» The Orion's Belt Conspiracy. Could We Be The Aliens?
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 1:13 pm by PurpleSkyz

» They weren't sure WHAT they were looking at - Mysterious objects in the sky!
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 1:11 pm by PurpleSkyz

» Exceptionally preserved 1-billion years old cells discovered in ancient Scottish Lake By
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 1:06 pm by PurpleSkyz

» JOHN LEAR RE ADMIRAL WILSON DOCUMENT LEAK
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 11:21 am by PurpleSkyz

» UFO News ~ UFO Seen On Live Cam At Space Station Today plus MORE
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 11:15 am by PurpleSkyz

» Karen Hudes ~ Network of Global Corporate Control 6 25 19
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 11:12 am by PurpleSkyz

» A Currency Upheaval Is Coming
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 11:11 am by PurpleSkyz

» SpaceX Falcon Heavy Core Crash! Spacecraft Barely Survives 'Most Difficult Launch Ever'
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 10:48 am by PurpleSkyz

» War With Iran - The Elephant In The Living Room
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 10:44 am by PurpleSkyz

» "Find Me One Doctor That Is Against Vaccines" — Sure, I’ll Find You Hundreds
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 10:42 am by PurpleSkyz

» BREAKING: MAJOR 5G PROTEST ROCKS TELSTRA IN MELBOURNE - PEOPLE DO NOT CONSENT TO BEING IRRADIATED
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 10:25 am by PurpleSkyz

» Answering Questions on the Wilson Leak & More. Richard Dolan Intelligent Disclosure.
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 8:23 pm by PurpleSkyz

» UFO News ~ Mysterious sphere UFO spotted in the sky over Russia! plus MORE
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 11:38 am by PurpleSkyz

» Rotational components balance the translational
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 11:37 am by PurpleSkyz

» Dozens of “Extinct” Creatures Found Alive in “Lost City” Deep Within Rainforest
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 11:33 am by PurpleSkyz


PLEASE VISIT
CannaBananaDaze
www.cannabananadaze.com


CBD/THC OIL INFO
GROWING TIPS & MORE


ONLY NATURES MAGIC

ONLY NATURES MAGIC
Featuring Homemade Herbal Salves Made in the Ozarks
https://onlynaturesmagic.com


Holistic Alternative
Health Care
by Bridgette Lyn Dolgoff


Health (Mental, Emotional, Physical & Spiritual), Nutrition (Nutrient, Diets, Illness, Pain), Energy Medicine (Energy Fields, Body, Spirit), Structural Medicine (Bones, Tissues, Patterns, Memory) and more For People, Animals, Communities, Environments, Personal and Business
www.https://coe-llc.com




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff

Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff
By
Strange Sounds
-
Jun 11, 2019

Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff Bitcoin-cryptocurrency-480x384

India’s government is considering introducing an outright ban on cryptocurrency.

This new law would see 10-year jail sentences doled out to anyone caught trading, mining or holding the stuff.

New law in India would imprison anyone who uses cryptocurrency. Picture via Shutterstock
The Indian government is considering a new bill that would punish anyone who trades, mines, or holds cryptocurrency with ten years in prison.
The “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019,” if it’s passed, would also prevent anyone arrested for a crypto-related offense from being bailed out of prison. It’s a staggeringly harsh crackdown on technology that the Indian Government argues is often used for money laundering and other financial crime.

In Progress

The bill has been some time in the making – India’s Prime Minister Narendra Modi set up a panel to investigate how best to regulate cryptocurrency back in November 2017.
Meanwhile, the outright ban has received the support of several governmental bodies, including the Income Tax Department and the Central Board of Indirect Taxes and Customs (CBIC).
The government won’t make a final decision until consulting with the Reserve Bank of India (RBI) but officials at the RBI have denied all knowledge.
What’s more, insiders have expressed some skepticism over the real-life impact of the legislation if it was ever to go into effect, a fact in itself that is not yet guaranteed. 

Forced Choice

Driving the investigation are government concerns that cryptocurrency is being adopted for criminal activities like money laundering.
This bill takes the nuclear approach to the problem of crypto regulation.
But it’s not surprising, given that India has considered launching its own state-approved digital currency. Given that context, an open market of cryptocurrencies would serve as competition.

Cryptocurrencies

Cryptocurrencies like Bitcoin have been something of a controversial invention:

  • They come with a large carbon footprint – one study found they could burn down our remaining carbon reserves within decades, while another from 2017 suggests Bitcoin alone guzzles up as much energy per annum as Ireland.



Bans around the world

According to one report, governments worldwide may be forced to outlaw Bitcoin because of its capacity to store illicit content but if this bill is to go ahead, India wouldn’t be the first to try and institute a ban of its own accord. Egypt introduced a ban in 2018. That was lifted last month. Meanwhile, countries including China, Russia, Vietnam, Bolivia, Columbia, and Ecuador enforce their own bans to a more or lesser extent.
While the bubble may have burst for Bitcoin, cryptocurrency analysts are feeling optimistic. It is now trading below $8,000 – well below the $20,000 peak it (almost) reached in 2017 – but experts expect this value to rise, as big-name brands like AT&TStarbucks, and Wholefoods have started accepting cryptocurrency payments.
What about the ‘Digital Rupee’… Will it become a new legal way to hide illegal activities for the elites?

http://strangesounds.org/2019/06/cryptocurrency-ban-india-jail.html

Thanks to: http://strangesounds.org



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum