India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced

The Indian inter-ministerial committee has drafted a bill to ban cryptocurrencies like bitcoin.
Subhash Chandra Garg, the Finance Secretary who led the committee, has previously gone on record to warn of the folly of investing in cryptocurrencies. And while the bill is only at the consultation stage, the long term outlook for crypto in India does not look promising.Cryptocurrencies like bitcoins are neither currency nor coin. Not legal tender in India at all. Trade in these currencies has assume