Author Topic: India to make possession of "unapproved" Cryptocurrency a punishable offence  (Read 2 times)

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Here's the link from which I gleaned this particular nugget:

https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/amp/

The particularly relevant part runs as follows:

“The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence,” said the government official.

Happy days ahead for Bitcoin if it ends up on the "approved" list, as I guess it well might. Reason: too many Bitcoin hodlers in the political class and the bureaucracy!