More than third of India urban dwellers oppose Cryptocurrency law, YouGov survey finds
More than a third of India’s urban dwellers oppose the government’s plan to regulate cryptocurrencies, according to a survey by market researcher YouGov. Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens, the London-based firm said in an emailed statement. Among people who invest in cryptocurrencies, more than half are against regulation.
India’s burgeoning cryptocurrency industry is anxiously awaiting details of a proposed bill that could go as far as banning off-exchange cryptocurrencies. Any draconian clampdown could have far-reaching implications, as the nation of 1.4 billion people has the second-fastest rate of crypto adoption behind Vietnam, according to Chainalysis.
The Cabinet has yet to approve the proposed legislation, people with knowledge of the matter said last month.
Out of 1,225 respondents in the YouGov survey, 36% don’t want crypto tokens to be regulated, compared with 52% of those who own cryptocurrency. More than half of crypto investors said they’ll hold off on buying or selling until markets stabilize.
PRISTINA (Reuters) - Kosovo's government on Tuesday introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.
"All law enforcement agencies will stop the production of this activity in cooperation with other relevant institutions that will identify the locations where there is cryptocurrency production," Economy and Energy Minister Artane Rizvanolli said in a statement.
Due to cheap power prices in Kosovo in recent years, many young people in Kosovo have got involved in crypto mining.
Faced with coal-fired power
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