Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies
Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his speech at an annual event marking the Hindu festival of Dussehra Friday: Clandestine, uncontrolled currency like bitcoin has the potential to destabilize the economy of all countries and pose serious....
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The leader of the conservative Hindu group has called for proper policing of the crypto space along with other stricter measures targeted at the digital space. Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to pursue crypto regulations “in the larger interest of society.”According to Asian News International, the RSS chief made these remarks during his speech marking the celebration of the Hindu festive Dussehra.Despite numerous reports of looming crypto bans, the narrative from government sources....
The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. Indian Crypto Law Could Comes as Early as February The Indian government is planning to introduce cryptocurrency regulation in February next year, local news outlet Business Today reported, elaborating: Finance Ministry officials have told Business Today Television that a law for cryptocurrencies....
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services. Indian Government Should Regulate Cryptocurrencies and Encourage Crypto Asset Services Subhash Chandra Garg said Thursday at a virtual event organized by industry body Assocham that the Indian government should regulate cryptocurrencies instead of prohibiting them, PTI reported. He elaborated: I don’t think we still have....
Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies. The news sparked panic selling on local crypto exchange WazirX the following day,....
In a recent post by "The Hindu" they completely write off Bitcoin and the Bitcoin-community as "thugs" and calls us all the "Bitcoin Gang". Their post with the title "Bitcoin gang gets 67 new e-curriences; value grows to $13 bn" highlights the possibility for money laundering: As regulatory glare intensifies on bitcoins due to possible money laundering, cyber security and other risks, over five dozen other virtual currencies have come under the scanner and include a desi version by name of 'laxmicoin'. A user on Bitcointalk cries for help from the Bitcoin community saying: I am starting to....