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Crypto scam: India making new law for total crypto scam ban
  • Vitaliy_KiselevVitaliy_Kiselev

    The Indian government has developed a bill that will completely ban cryptocurrencies in the country.

    Storage, release, mining, trading and transfer will face a fine or criminal liability. At the same time, citizens will be given six months to get rid of cryptocurrency assets. If the bill is passed, India will become the first major economy to completely ban cryptocurrencies.

    Of course, Indian government do this not because they love you. Main reasons are ability to avoid taxes and big energy consumption.

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