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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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