Browsing tag

Lakshmi Coin

India Plans 10-Year Prison For Anyone Using Cryptocurrency

A new bill is being drafted by the government of India that could leave people who deal with cryptocurrency in jail for 10 years. The draft, titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” was first reported by the Economic Times in April. Later, a Bloomberg Quint report (paywall) last week […]

India Planning Its Own Bitcoin-Like Cryptocurrency: Lakshmi Coin

The Reserve Bank of India has cautioned people about the possible drawbacks of the popular cryptocurrency known as Bitcoin. They may seem to not like Bitcoin but this doesn’t mean the RBI bank has set aside the whole idea of digital currency alternatives. According to a the Economic Times, RBI is planning to get in […]