The Indian government is taking into consideration a brand-new bill that would penalize anybody that trades, mines, or holds cryptocurrency with ten years in prison.

The “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019,” if it’s passed, would likewise protect against any individual arrested for a crypto-related infraction from being bailed out of prison, according to The Economic Times. It’s a staggeringly extreme suppression on innovation that the Indian Government argues is typically made use of for cash laundering as well as other financial crime.

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