Home » Business » India intends to ban Bitcoin transactions to develop digital currencies in countries | Anue Ju Heng-Virtual Currency

India intends to ban Bitcoin transactions to develop digital currencies in countries | Anue Ju Heng-Virtual Currency

The Indian government on Sunday (31st) intends to legislate to prohibitBitcoinTrade and develop the countryDigital currency

The United States, China, Japan, Canada and other countries are exploring the development of central banksDigital currencyOn the occasion, the Indian government also intends to follow up. The Indian government plans to introduce a bill in the House of Commons “CryptocurrencyAnd officialDigital currencyThe Regulatory Act, which aims to provide an official account of the Reserve Bank of India (RBI)Digital currencyEstablish a convenient framework.

In addition, the bill prohibits Indian transactions from all privateCryptocurrency, But allow certain exceptions to facilitateCryptocurrencyThe basic technology and its use.

It’s worth mentioning that this is not the first time India hasCryptocurrencyTaking a strong stance on the issue, India announced a ban on domesticCryptocurrencytransaction.

India’s then Finance Minister Arun Jaitley announced in February 2018 that the government did not believeCryptocurrencyIt is legal currency or currency, and all measures will be taken to curb the use of these encrypted assets in illegal activity financing or any payment system process.

In 2019, the Indian government proposed a strict ban on all privateCryptocurrency, Offenders will be sentenced to up to 10 years in prison. The Indian encryption ban policy was later overturned by the Supreme Court of India in March 2020 on grounds of unconstitutionality.

Last Friday (29th) the world’s richest man and Tesla CEO Elon Musk changed his Twitter profile to # Bitcoin After pushingBitcoinSoared by more than 20% to 38566 USD

Before the deadline, about 12:45 pm on Sunday, Taipei time,BitcoinIncreased by 1.29% to temporarily report 33,959 USD, Ether rose 0.94% to 1,361 USDRippleIncreased 41.03%, temporarily reported 0.403 USDLitecoinRose 1.02% to 131 temporarily USD


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