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New Delhi, India: At a time when the central government is exploring new legislation to regulate cryptocurrencies, media sources on Tuesday indicated that Prime Minister Narendra Modi’s government will likely set a deadline for crypto holders to register their assets and comply with any new rules. According to the suggestions, offenders of the new cryptocurrency … Read more
The crypto bill, which will be introduced in the Parliament’s winter session, aims to create a legislative framework for the rapidly developing crypto market. The Crypto Asset Bill intends to make it illegal to use crypto assets as currency replacements or as remittance payment systems. According to NDTV, the bill also proposes to create a … Read more
Saurabh Shah, a 26-year-old chartered accountant in Mumbai, is unconcerned about India’s proposed cryptocurrency prohibition. Similar suggestions have come and gone in the past. Shah bought Bitcoin as a student in 2017, just as India’s central bank banned financial institutions from carrying out crypto-related transactions. “I bought it because of the hype,” Shah told Al … Read more