Planned Indian law on Bitcoin may give exit window to invest

Planned Indian law on Bitcoin may give exit window to investors, may lead to probe in past transactions


Story
Planned Indian law on Bitcoin may give exit window to investors, may lead to probe in past transactions
The Indian government may soon come with a law which is likely to ban all cryptocurrencies, may look into past transactions but, will provide investors with a window to exit from their holdings
India Today Tech | April 22, 2021 | Updated 10:38 IST
The Indian government has maintained a strong stance against cryptocurrencies.
Highlights
New law to provide investors with exit mode.
Government may look at past crypto transactions.
The Indian government may soon come with a law which is likely to ban all cryptocurrencies, may look into past transactions but, will provide investors with a window to exit from their holdings. According to a new report by The Indian Express, which cites a government official, the possibility of providing a three to six month window has been discussed in inter- ministerial discussions. However, a final draft of the bill is yet to be taken by the Cabinet.

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