Since last year, the global digital currency has become hot again, and the price of bitcoin has gone crazy. Last week, bitcoin broke through $60000 and is about to move towards $70000.

As for bitcoin, most countries either turn a blind eye to it or turn a blind eye to it. Few countries adopt a strict ban policy on bitcoin. India is a special case. It was reported recently that they are considering legislating to ban bitcoin and other digital currencies.

According to a senior Indian government official disclosed to the media, India will propose a new bill to ban all cryptocurrencies (a kind of digital currency) and impose fines on cryptocurrency transactions or holders.

This legislative measure is basically consistent with the plan of the Indian government at the beginning of this year. The Indian government plans to ban all private digital currencies, such as bitcoin, while the government will build an official digital currency.

According to the official, the new law will give cryptocurrency holders six months to sell their assets, after which they will be punished for holding or trading.

Not only that, India may also have more stringent blocking policies in the future. The latest report points out that the Indian government is considering blocking the IP address of the cryptocurrency exchange as part of its upcoming ban on cryptocurrency.

Once the exchange is blocked, how to trade is a big problem for bitcoin investors.

(2021-3-22)