OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» VAERS & Vaccines: What Media Will Never Tell You! by DH Jetson/TS Caladan
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyToday at 12:55 am by PurpleSkyz

» Astronomers Detect Rare 'Missing Link' Black Hole in Our Closest Galactic Neighbor
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:15 pm by PurpleSkyz

» We Are Being Prepared for a False Flag Alien Invasion
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:12 pm by PurpleSkyz

» UFO NEWS ~ Fiery Red Orb Over Brazil & Triangular Shaped UFO Over California plus MORE
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 12:48 pm by PurpleSkyz

» ‘How do you even trust them?’: Aaron Rodgers fires back at Biden after president orders QB to ‘get vaxxed’
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 11:24 am by PurpleSkyz

» Toronto man says Pfizer’s COVID-19 vaccine KILLED his healthy, athletic 17-year-old son
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 11:21 am by PurpleSkyz

» Canadian Truckers’ Freedom Convoy to Ottawa Is Underway
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:24 am by PurpleSkyz

» 100s of Published Reports of Post-Vaccine Medical Distress (Part 1)
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:20 am by PurpleSkyz

» Lawyers Worldwide Sue Govts at International Criminal Court for COVID Crimes
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:18 am by PurpleSkyz

» Dr. Domenico Biscardi Whistleblower Doctor Found Dead
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:15 am by PurpleSkyz

» City Suspends Vaccines for Children After 10-Year-Old Girl Suffers Heart Attack Following Pfizer Jab
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:09 am by PurpleSkyz

» Quadruple-Vexed Israel Breaks World Record in Coronavirus Cases
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:07 am by PurpleSkyz

» COPS VIOLENTLY BREAK UP KENNEDY VACCINE FREEDOM RALLY IN BRUSSELS
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:04 am by PurpleSkyz

» Over 1 Million Deaths and Injuries Following COVID “Vaccines” Reported in VAERS as Second Year of “Experimental Use Authorization” Begins
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 1:00 am by PurpleSkyz

» RH Negative - Is there copper in our blood?
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyYesterday at 12:57 am by PurpleSkyz

» Antidotes for Toxins Found in COVID19 ‘Vaccines’
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 12:18 pm by PurpleSkyz

» Protesters gather at Lincoln Memorial to rally against Biden's embattled vaccine mandates
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 12:10 pm by PurpleSkyz

» Barrister, Richard Orme- “Vaccine Passports, Mandatory Vaccinations Are Against The Nuremberg Code”
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 11:47 am by PurpleSkyz

» NATO’s “Space Policy” Outlines Readiness to Jointly Respond to Attacks in Space
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 11:43 am by PurpleSkyz

» RFK Jr. Gives Historic Speech at Lincoln Memorial Today for March Against Vaccine Mandates and Medical Tyranny
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 11:39 am by PurpleSkyz

» Carjackings soar by up to 510% in major US cities: Chicago, New York, Philadelphia and New Orleans are all experiencing ‘disturbing’ spikes in crime
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 11:28 am by PurpleSkyz

» Assange granted the right to appeal extradition – UK High Court
Ban on cryptocurrency in India to send you 10 years in jail for trading, mining or holding the stuff EmptyMon Jan 24, 2022 11:25 am by PurpleSkyz

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.


  • They have been used for all sorts of shady dealings, from illegal pornography to drug trafficking to fraud. Some astronomers have even expressed concerns that it could be hurting our search for alien life.


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