Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings

Cointelegraph

Published Jun 07, 2019 11:20AM ET

Updated Jun 07, 2019 11:43AM ET

Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings

Indian lawmakers have reportedly proposed to enforce a 10-year jail term for citizens who deal with cryptocurrencies, local financial news agency BloombergQuint reports on June 6.

The new tough crypto regulation is a part of a recently proposed draft bill called “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” according to a report by crypto news outlet The Block.

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