This is a tragic and a really, heart breaking news Ive read for this week. Imagine, Indian Government is planning to pass a law where people involve in cryptoinvestment will be sentence to a 10 year prison. Sound's really scary for those who will be caught.
Image source:https://cointelegraph.com/news/indias-proposed-bitcoin-ban-is-already-driving-a-crypto-exodusThis statement from the article above will bleed out crypto enthusiasts in India:“The first large democracy” to ban crypto
As the Economic Times notes, the draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone who "mines, generates, holds, sells, transfers, disposes of, issues or deals in cryptocurrencies.”
Though, this is still on deliberation but based on the report looks like they are damn serious about it. In my opinion, lots of people from India will be totally disappointed on how things will end up sooner for them especially those developer and projects that are into crypto investment.
I guess people from India will surely be totally pissed with this. Just hoping neighboring country will not follow this move of India Government.