Foreign media: India will consider imprisoning people who hold, trade, and dig cryptocurrency for 1 to 10 years

According to Indian news site BloombergQuint, India may consider imprisoning cryptocurrency investors, traders and miners for one to ten years. This claim is said to be part of the 2019 draft "Prohibition of Cryptographic and Official Digital Currency Regulations Act." In addition, any offences related to such conduct are identifiable and not bailed. However, such penalties will depend on the severity of the crime and the actual or expected return of the offender. The draft bill also introduces a 90-day time limit for all cryptocurrencies to be disposed of by the cryptographic holder. However, after the news was released, the community questioned the authenticity of the report and believed that it should wait for the official notice of the government.