No blanket crypto trading ban yet in India

first_imgNew Delhi: Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the government has clarified. Responding to questions in the Rajya Sabha on whether the government has prohibited cryptocurrency in the country, Minister of State for Finance and Corporate Affairs Anurag Thakur this week said the answer was no. “Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws,” the Minister said. Also Read – Thermal coal import may surpass 200 MT this fiscal”Similarly, police/courts take action on IPC (Indian Penal Code) offences. Further, in view of the risks and dangers associated with cryptocurrencies, (the) government and RBI have been issuing advisories, press releases and circulars to the public,” he added. Earlier the Reserve Bank of India issued a circular banning regulated entities from providing services to crypto businesses. The ban went into effect on July 6 last year, reported on Friday. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostBut a draft bill for banning cryptocurrency has been in the works for some time with Economic Affairs Secretary Subhash Chandra Garg leading the exercise. According to the draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019”, holding, selling or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years. The draft has proposed a 10-year prison sentence for persons who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. Besides making it completely illegal, the bill makes holding of cryptos a non-bailable offence. A cryptocurrency is a digital or virtual currency that uses cryptography for security and is generally based on Blockchain technology, a distributed ledger enforced by a disparate network of computers. Bitcoin is the most popular cryptocurrency in the world.last_img read more

Woman exhusband accused of abandoning adopted dwarf girl so they could move

A formerly married couple from Indiana has been accused of abandoning their adoptive dwarf daughter in favour of moving to Canada with their biological children.Kristine and Michael Barnett were charged on Sept. 11 with felony neglect after allegedly leaving an 11-year-old girl with dwarfism from Ukraine at an apartment in Lafayette, Ind., in order to move to Canada.News outlet WISH-TV reported cops allege the girl was abandoned in July 2013 with the neglect continuing until February 2016. Court documents stated the Barnetts continued to pay the apartment’s rent where the girl was living.Kristine told WISH-TV she wasn’t aware of the charges until she was told by the news station. The woman called the girl a “diagnosed psychopath and sociopath.”In a letter reportedly written by a doctor Kristine had given to WISH-TV, the girl “has made a career of perpetuating her age facade” and had been previously committed to a psychiatric hospital and had been diagnosed with sociopathic personality disorder in 2012.Story continues belowThis advertisement has not loaded yet,but your article continues below.The letter allegedly stated the girl admitted she was over 18 and determining her true age was difficult because records from Ukrainian officials were “grossly incomplete.”Kristine stated the girl’s adoption was a “scam” and had been an adult the entire time she lived with the family.The Daily Mail reported the Barnetts legally adopted the girl in 2010. When doctors examined the unnamed girl, she was determined to be roughly eight years old.Two years later, the couple had the girl’s legal age changed from 10 to 22.When interviewed by cops, Michael told them his wife counselled the girl to tell people she was 22 and only looked young if ever questioned, the Washington Post reported.In a 2012 appearance on 60 Minutes, the Barnetts beamed about their autistic son Jake, who was a math and science prodigy and a college sophomore at age 13.The Barnetts moved to Canada with their three biological children so Jake could further pursue his studies. According to his Facebook profile, Jake is currently a PhD student at the Perimeter Institute for Theoretical Physics in Waterloo, Ont.Michael told cops besides paying rent, he and his now ex-wife never financially supported the adopted girl.According to WISH-TV, the neglect in the case ended on Feb. 26, 2016 when the girl moved out of the apartment. Fifteen days later, another couple applied to become her legal guardians.Citing the girl’s age issue, the Barnetts reportedly filed an objection to the adoption petition. The petition was abandoned in January 2018 when the other couple changed their minds.On Sunday, Kristine took to Facebook to say she hasn’t been arrested. “I am sick and devastated from the idea of any of these charges and maintain that they are false charges,” Kristine wrote. read more