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RE: Another Setback for Indian Cryptocurrency users
... the governments have termed it as illegal and yet again another lash comes out from the government proposing a 10 Year Jail for anyone dealing in Crypto directly or indirectly in any way.
It appears that the statement came from the central bank of India and not the parlament in the form of legislation. Your title would appear to be misleading and FUD generating.
https://thenextweb.com/hardfork/2018/04/06/no-india-not-just-banned-virtual-currencies/
Thank you for highlighting. Yes there is lot of rumors and uncertainty but Indian finance Minster has always claimed that dealing in Ctypto is illegal and hence people are always scared to invest in it. My sister works for a government bank and they have been given strict warning if anyone caught will result in severe punishment. I hope there is some light to this sooner the better.l