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India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders
The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new law which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets.
Manas Tiwari | March 15, 2021 | Updated 14:11 IST
The government has been planning been an action against cryptocurrencies for past few months.
Highlights
Action will be taken against crypto investors.
Investors likely to get six month window to liquidate assets.
The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new bill which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets. This will impact Bitcoin, Dogecoin and other crypto money investors. The new bill proposes to criminalise possession, issuance, mining, tra
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Bitcoin made headlines in recent months as its price skyrocketed to over $50,000 (over £36,000) per coin. While Bitcoin saw an unprecedented rise, it may still climb higher in light of actions taken by the U.S. House of Representatives which could have global ramifications.
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