~snip~
Cmon you lawmaker morons, money laundering has been around for a long time before Bitcoin was born, and you guys ruled out that owning cryptocurrencies is a crime?
~snip~
Lawmakers work for the government and government don't want their citizen become free from their hand. If banks lose control over the finance then government lose control over it's citizen. So, it's easy math. Ban crypto.
Anyway, I think Indian government gone too far.
They really went too far, this is too much, this is the first country that considered holders of cryptocurrency as criminal offenders, and India is not even a communist just like North Korea, now people are afraid that other people will follow their lead, voters should not vote those who created this bill or law.