Crypto will cost rupees 24 crore fine in India: In Cryptocurrency

Hello dear steemit friends how are you all hope doing great. So today i am going to share you another shocking news which can make you feel sad. Few days ago i shared with you a good news related to crypto but now i have another updates that is tonally upposite to that. Here is now that the finance secretary Mr.subhas Garg has announced that it is totally banned in India. Its imprisonment would be ten years if traders will trade it privately.

Ten years imprisonment was in rumour but revealed now in reality so it is the bad news. Don't know why crypro is not coming in stability in India but now strictly announced.

The official digital currency bill 2019 has passed in which the central bank will have all the control on it not as private but it can be done officialy like peer to peer,acount based. There are two rules prohibits the Cryptocurrency and second regulation of Indian digital currency under legal authorities would also regulate official foreign digital currencies.

The decision is taken by Indian government after so many conflicts and may be it could be the start to rule crypto under legal tender in which value based digital currency will take place in new digital regulation will come under Indian Center government.

Hope this information will helpful and you can get more details by updating more so keep updating yourself to all crypto lovers lets see what happens till final conclusion.

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