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Indians could soon be penalised for holding Bitcoin, says new report


Indians could soon be penalised for holding Bitcoin, says new report
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Bitcoin and a number of other cryptocurrencies are currently surging at their highest. However, the Indian government seems to be once again trying to ban crypto trading in the country. The government during the Budget 2021 revealed its plan to propose a new bill, which is intended to ban digital money in the country and also fine anyone trading or holding any crypto assets. Also Read - Buy a Electric Tesla car using Bitcoin in the future: Elon Musk
According to a report by 
Reuters, the new bill is looking to criminalise possession, issuance, mining, trading and transferring any crypto assets in the country. If the bill is passed, it will make India the first major economy to make holding cryptocurrency illegal. Countries like China have banned mining and trading crypto, but do not penalise their possession. Also Read - Bitcoin Explained: What is it, tr ....

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No Jargon Answer to What Is Bitcoin? | Tactical Allocation Channel


In order to explain bitcoin to investors, we are offering a series of blogs and podcasts. A previous blog tried to explain the developments 
driving bitcoin’s rally. This blog is the first in a series that covers topics that are important to investors. For more on this topic, please listen to the 
The question “what is bitcoin?” can be answered in many ways. I don’t think investors need to know how bitcoin works technically, but they need to be able to assess the opportunities and risks of investing in bitcoin. So let us examine the two biggest questions that investors care about. First, how sure are we that bitcoin’s supply won’t increase beyond what is planned. And second, will the technology continue to work? ....

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The Cryptic Craze About Crypto


The Cryptic Craze About Crypto
There are several critical reasons for which cryptocurrencies need to be highly regulated in India unless it is a sovereign cryptocurrency.
outlookindia.com
2021-02-15T14:58:39+05:30
Bitcoin prices have shot up from less than USD 20,000 to over USD 48,000 in the last three months. This is a humungous growth for any asset class. Bitcoin falls under the asset-class that is called crypto, which is short for cryptocurrency.
But then why is the Indian government planning to pass a regulation that bans Indians from owning and trading in Bitcoins and all other cryptocurrencies? To understand the government’s position, one has to understand the nature of “cryptocurrencies”. ....

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