Cryptocurrency ban bill: Finance Ministry wants to ban cryptocurrency, encourage blockchain
Author: Trisha Jalan - Published 2019-07-25 11:28Called the “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019” (see below), the bill states that “cryptocurrency shall not be used as legal tender or currency at any place in India”. It also makes promotion, advertising, Andy abetment in participation of use of cryptocurrency punishable with a fine, or prison term of upto 7 years.