India to reportedly propose cryptocurrency ban, penalizing miners and traders
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cnbc said that India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.
The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.
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CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.
