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10 Years Jail for Buying, Selling, Mining Crypto-currency in India: New Bill

The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019, on its way to the Indian Parliament for debate and possible legislation, seeks to impose a stunning 10-year imprisonment as penalty for any person or business found buying, selling, holding, or mining crypto-currency in India. It has wording to tell wilful mining apart from "crypto-jacking" (malware that mines crypto on a computer or portable computing device without its user's knowledge). Violations of this Act will also be treated as "cognizable" and "non-bailable," meaning that the accused cannot seek bail, anticipatory or in custody, while their case is being taken up by India's criminal-justice system.

A Cognizable Offense under Indian law, is comparable to a Felony under U.S. law, and some of the most heinous crimes, such as homicide and rape, are classified as these. The Indian Government has reportedly taken this step to clamp down on rampant tax-evasion, "hawala" money transfers (illegal money transfers disconnected from the banking system), and financing of terrorism, drug-trade, and social unrest by foreign NGOs and eco-terrorists. The Bill is expected to have smooth sailing through Parliament as the incumbent political administration enjoys a simple majority in the Lok Sabha (essentially House of Commons); and has a good sway over the Rajya Sabha (Council of States, but essentially House of Lords).

Selling a 'depraved' video game to a minor in New York could become a felony

The New York State Senate has recently been working to make New York minor gamers suffer. Republican bill S.5888 aimed to start an "Advisory Council on Interactive Media and Youth Violence", which basically is a checks-and-balances system on the ESRB. It shot through the legal process with the speed and grace of a greased pig through a high school.

Said minors in New York have a new piece of legislation to worry about: Democrat-sponsored bill A08696. If it gets ratified within 120 days, then anyone who sells/rents "any game which contains 'depraved violence' or 'indecent images'." will have to deal with a class E felony charge.
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Nov 28th, 2024 13:11 EST change timezone

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