New Bill Proposed in India to Make Mining Illegal

A draft bill has been proposed in India that will make cryptocurrency mining in the country illegal if passed. The bill extends beyond just mining and would also relate to the buying, selling, or holding of cryptocurrencies. Those who break the proposed rules would face up to ten years imprisonment as well as hefty fines. The majority of cryptocurrency businesses have already been forced to shut down after strict cryptocurrency stances were taken by the Reserve Bank of India.

Source: Bloomberg Quint