India to Ban Elon Musk

elon musk

India plans to ban Elon Musk from ever entering the country, putting a dent on India’s hopes of joining the pioneers in the space race. According to a senior government official, Elon Musk would be fined for ‘criminal possession,’ but the official declined to say whether he would be but in jail as well as get fines. That’s unless Elon Musk liquidates certain assets within six months, in particular his dogecoins and bitcoins. “The bill would give holders of cryptocurrencies up to six months to liquidate, after which penalties will be levied, said the official, who asked not to be named as the contents of the bill are not public. Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi’s government holds a comfortable majority in parliament,” says Reuters. According to this ‘official,’ India plans to criminalise possession, issuance, mining, trading and transferring of bitcoin,…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE