India’s Insane Anti-Crypto Bill

This is just insane and a shining example of why we need crypto and a major shakeup to the system

India’s Insane Anti-Crypto Bill Proposes 10-Yr Prison for Bitcoin Adopters: Report

“As per the Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, anyone involved in the Bitcoin or crypto ecosystem would face criminal punishment. The bill proposes a 10-year prison sentence for persons who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies, directly or indirectly.” Anyone caught committing such crimes would be subject to “non-bailable” sentences, according to the draft bill sourced by BloombergQuint. The Bill also states that the punishment will be made to fit the crime – with a person’s crypto profits used against them. As per the bill, courts will use the following 4 criteria when handing out sentences: “Culpability of the accused Actual and intended gain made, and loss caused Repetitive nature of offence Harm caused to the system.””


Add Comment