India intends to impose a “most prohibited order” on cryptocurrencies

“India may introduce the world’s most stringent cryptocurrency ban.” Reuters quoted an anonymous Indian government official as saying on the 15th that India intends to legislate to ban cryptocurrencies such as Bitcoin, all holding, issuing, “mining”, trading and transferring cryptocurrencies. The behavior of monetary assets will be regarded as illegal and fined. On that day, the price of Bitcoin fell from a historical high of $61,000 and fell below $58,000 at one time.

Reuters said that the details of the proposed bill have not yet been made public, but may give cryptocurrency holders up to 6 months to clean up their assets. This measure is consistent with the proposal submitted by the Modi government to the parliament in January, which requires the prohibition of private cryptocurrencies and the establishment of an official digital currency framework. If the ban becomes law, India will become the first major economy in the world to illegally hold cryptocurrency. According to Reuters, this legislation can be described as the most stringent in the world, or it will deal a heavy blow to millions of cryptocurrency investors. India currently has approximately US$1.4 billion in cryptocurrency investments, and the number of registrations and transaction funds has increased by nearly 30 times in the past year.

According to the Times of India, India’s Finance Minister Sitharaman stated that the proposed cryptocurrency ban does not close all cryptocurrency usage windows. She said that Indian regulators will allow people to use a certain range of blockchain, Bitcoin or other cryptocurrencies. The Central Bank of India expressed its concern again last month, saying that cryptocurrencies pose a risk to financial stability.

PwC’s latest annual survey of global corporate executives shows that more than a year after the outbreak of the new crown epidemic, 76% of corporate executives are optimistic about the world economic growth trend in 2021, a record high since the survey was first conducted in 2012. The highest proportion of the economy. In 2019, this proportion was 42%, and in 2020 it will be as low as 22%.

Yahoo Finance reported on the 13th that the survey conducted from January to February this year covered 5,050 corporate executives in 100 countries and regions, and 36% of executives have “high confidence” in their company’s revenue growth in the next year. A year ago this proportion was only 27%. However, in the context of overall global optimism, the situation of different industries is also quite different. Compared with other industries, executives in transportation, logistics, and leisure services are still slightly less confident in the business prospects of the company in the coming year.

From a regional perspective, executives in the US and Europe are more optimistic than other regions. In addition, the US and Chinese markets continue to maintain strong appeal to companies. 35% of executives believe that their company will achieve the greatest growth in the U.S. market in the next year, while 28% of executives believe that their company will achieve the greatest growth in the Chinese market in the next year.