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Ban cryptocurrencies, consider launching own digital money: Panel to govt

SC to hear challenge to restrictions on cryptocurrency today

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Supreme Court | cryptocurrency mining | Economic Affairs Secretary Subhash Garg

Arup Roychoudhury & Neha Alawadhi  |  New Delhi 

Ban cryptocurrencies, consider launching own digital money: Panel to govt

A panel tasked with examining virtual currencies has recommended that the government should ban private cryptocurrencies and could consider launching its own digital money. It has also recommended that to deter the use of private cryptocurrencies, anyone doing so could be punished with imprisonment of up to 10 years.

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First Published: Mon, July 22 2019. 20:56 IST
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