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India's crypto ban is coming, hodlers to be given transition period: Bloomberg

Published 02/12/2021, 12:55 AM
Updated 02/13/2021, 02:40 AM
India's crypto ban is coming, hodlers to be given transition period: Bloomberg

An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most populated country.

Speaking to Bloomberg, the source claimed that the use of cryptocurrency in all its forms will be banned under a new law expected to soon be introduced in the parliament. Transacting with crypto via foreign exchanges will also be prohibited.

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Latest comments

Its easy to see why India still struggles with basic today while soon having the worlds largest population. Someone tell those mo r on s that digital currency by a country is just a debit card and offers nothing for the people. Stop stealing the peoples money.
I love india but not these kind of people who are not understanding the future of currency instead of putting some kind of rules and regulations they are banning it.
Agreed. They are cutting their peoples legs off at the knees. Its obvious whoever is running their world is too old and outdated to understand how instant, lightning fast, digitally evolving finance works.
Ritch fat cats do not want poor people to have some more money they want to keep them poore sad very sad
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