〈Photo = Reuters Yonhap News〉It is reported that India is considering a bill that punishes even having cryptocurrency alone.
On the 14th local time, the British Reuters news agency cited a senior official from the Indian government and reported that the’Cryptocurrency Ban Act’ was being promoted.
According to a report, the official said, “The holding, mining, trading, and transfer of cryptocurrencies will be illegal with the Cryptocurrency Prohibition Act.” I will impose a fine.”
Prior to India, China also banned cryptocurrency trading and mining, but it does not block holdings.
The bill is expected to pass easily as the government of Narendra Modi makes up a majority of the parliament.
Reuters said, “The legislation promoted by India is one of the most stringent cryptocurrency policies in the world.”
〈Photo = Coin Desk Capture〉However, despite this threat, cryptocurrency trading volume is increasing in India.
According to industry estimates, more than 8 million investors are currently investing in cryptocurrency, with a scale of Rs 100 billion (about $1.4 billion, KRW 1.6 trillion).
“Money is growing rapidly every month,” said an Indian investor.
Currently, the price of Bitcoin is about 60,000 dollars (about 68 million won) based on CoinDesk, a cryptocurrency exchange.
After recording $49,769 (about 56.4 million won) on the 8th, it increased by about 20% in over a week.
