END OF CRYPTOCURRENCIES NEAR AS INDIA LOOKS TO BRING A LAW TO BAN THEM

Highlights

• In the month of July 2019, a panel of the Indian Government had started drafted a law for ban on various types of cryptocurrencies

• Despite the Supreme Court’s decision to lift De Facto ban, banks didn’t allow payments for currency trading in India or abroad

• According to the new law, anyone dealing in cryptocurrencies will face penalties up to Rs 25 crore or imprisonment ....