India’s crypto ban draft bill suggests 10-year jail term for those dealing in cryptocurrencies

[Anonymous No.14042616]

>The cryptocurrency space in India is headed for the worst if a proposed draft bill on Banning Cryptocurrencies and Regulation of Official Digital Currency Bill, 2019 passes into law. As per a report by Bloomberg Quint, the proposed deal is will double down on those holding, mining, buying or selling digital assets.

>The introduction of such a bill in an already volatile crypto space only squashes the hopes of ever having regulations in India. The crypto industry in the country has been struggling for more than a year now since banking support was removed by the Reserve Bank of India (RBI). Several cryptocurrency exchanges have closed doors with all of them citing tight regulations and lack of banking support.

>The bill has been developed in the leadership of the Economic Affairs Secretary Subhash Chandra Garg. The panel comprises of several members of Securities and Exchange Board of India (SEBI), several representatives from the countries investigative agencies and the Central Board of Direct Taxes (CBDT).

>“If any conduct is punishable under any other law, this Act will be in addition to, and not in derogation of such law,” as quoted from the draft.

>Although the draft support complete banning of cryptocurrencies, it proposes the introduction of an official digital currency for the Indian government. The digital asset likely to be named the ‘Digital Rupee’ will be introduced only after consulting the central board of the Reserve Bank of India (RBI).

[Anonymous No.14042630]

>>14042616
Pajeets btfo

[Anonymous No.14042633]

>>14042616

i'm ok with this. less pajeets spamming telegram and twitter complaining their $20 investment has dumped to $2

[Anonymous No.14042636]

>>14042616
Pajeets eternally BTFO's
i guess we will finally be free from their shilling

[Anonymous No.14042640]

sirs....

[Anonymous No.14042650]

>>14042616
>Subhash
>Sub
>hash
>pajeet
what did BSV mean by this?

[Anonymous No.14042654]

>>14042616
What happens to /ourjeet/ if this bill passes? https://youtu.be/4j-VbTBNycM

[Anonymous No.14042662]

that would be sad. Basedjeets who are smart enough to invest in link deserve to make it

[Anonymous No.14042682]

>>14042654
Pound me in the ass prison.

[Anonymous No.14042692]

>>14042616
Bullish. I hope these brown subhumans suffer for their low grade shilling.

[Anonymous No.14042703]

>>14042636
Pajeet are half of the spamming beggar, the other half is composed of SEAniggers.

[Anonymous No.14042716]

>>14042616
HAHAHAHA

BACK TO YOUR SHITTING STREETS

can we rangeban india then?

[Anonymous No.14042800]

This is pajeet FUD so they can buy low and then dump on us

[Anonymous No.14042848]

>>14042616
SOON THE PAJEETS WILL BE GONE

[Anonymous No.14042975]

>>14042616
>Load ze Chi-
>No, China fund is getting old
>Prepare ze India fud

[Anonymous No.14043190]

They're trying to ban Crypto in India
They're trying to ban crypto in the USA

They're trying to crash the global markets, so they can take our wealth in the dip. They don't want us to escape their 100 year pump and dump witht eir centrally controlled shitcoins ($)

[Anonymous No.14043204]

>>14043190
this

[Anonymous No.14043226]

>>14043190
It all boils down to governmental control of the money anon.

[Anonymous No.14043313]

>be India shithole
>already be JUST'd by corrupt and incompetent government
>JUST yourself even more by not participating in the next industrial revolution
pajeets gonna pajeet

[Anonymous No.14043402]

>>14043190
>They're trying to ban crypto in the USA
Its just one lone nutter really. They aren't going to ban real Crypto!

Just ICO/airdrop/PoS coins (yes that includes BSV) , which are already banned.
Besides you shouldn't live in Burgerland anyway, its a police state. The only way to live in the future is going to be living like a citizen of the world, accumulate passports!