A report came out in June 2019 in terms of draft cryptocurrency bill which seeks a ban on cryptocurrency transactions, ethical or unethical. There has been no confirmation or official statement but Indian Tech Lawyer, Varun Sethi, shared the alleged draft bill on his tweet. The contents of the draft bill leaked are in agreement with the previous reports which provides more authenticity to the document. Hence doubts relating to it is getting clear. The leaked document claims that India does seek ban storage and usage of cryptocurrencies. The bill drafted also proposed fine and punishment for people engaging in crypto activities. The bill states that the Central Government with Central Bank in India will seek to approve the “digital rupee.”