Individuals, Corporates To Be Fined For Using Cryptocurrencies: Draft Law | Read

Indian companies and individuals are unlikely to be allowed to pull a Tesla and stash excess cash in cryptocurrencies that have been on an eye-popping surge if a new bill proposed by the government is cleared by parliament. A draft bill expected to be introduced in this session of parliament proposes a complete ban on all private cryptocurrencies - decentralised digital money that is prized for being untraceable and a buoyant valuation, sources have told NDTV.