The creators of the cryptocurrency KBC Coin, Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh are arrested by the CID of India. KBC has launched 6 months ago and its coins cost for 10 paisas apiece with a promise that they would reach 10 rupees in a short time. Baljeetsingh Lashkariya promoted KBC through a pyramid scheme and it played a major role in bringing more investors to the company. According to the new bill which would punish crypto enthusiasts in the country with up to 10 years in jail for violating the country’s anti-crypto laws.