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Join us for more information .... The Swadeshi Jagran Manch (SJM) has urged the Government to impose an ‘outright ban’ on dealing in cryptocurrencies for Indian residents while granting a short time window for those already holding them to sell or exchange them with disclosures to the Income-Tax authorities. The Government should also ban online trading platforms for buying, selling or otherwise dealing in cryptocurrencies or crypto assets in circulation at present, it said in a resolution passed at its national conclave that concluded on Sunday.   While the SJM called for financial penalties on those who flouted the ban on cryptocurrency trading, it also mooted an aggressive awareness campaign to inform investors not to ‘fall prey to deceptive advertisements’ from cryptocurrency exchanges. “Although there is no official information about this, it is estimated that about 20 million people have put their money in cryptocurrencies. People [mostly youth] of small and big cities and ev...