MUMBAI (Reuters) – A strong right-wing Hindu group linked to India’s ruling social gathering has referred to as for curbs on streaming platforms and cryptocurrencies, saying regulation was important.
“There’s a must regularise this stuff for the bigger good of the society,” mentioned Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh, the ideological dad or mum of Prime Minister Narendra Modi’s Bharatiya Janata Occasion.
Streaming platforms like Netflix and Amazon’s Prime Video have confronted lawsuits and police investigations, largely in BJP-ruled states, for content material deemed inflammatory and offensive to the nation’s majority Hindu inhabitants.
Netflix, Amazon and Walt Disney Co , one other main streaming platform in India, didn’t instantly reply to requests for remark. Bitcoin and India’s Affiliation of Blockchain & Crypto Entrepreneurs couldn’t instantly be reached.
“A forex like bitcoin – I do not know which nation controls it or which guidelines govern it,” Bhagwat mentioned in a speech to followers marking the Hindu competition of Dussehra on Friday. “The federal government ought to do it. It has to do it.”
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Modi’s authorities usually appears to be like to the Hindu group for coverage steering, however has avoided regulating streaming platforms. Motion pictures and TV reveals, nevertheless, should undergo a censor board.
The federal government ready however didn’t submit a invoice to parliament earlier this 12 months that might have banned buying and selling and holding cryptocurrencies.
Native media has reported the federal government was seeking to tax cryptocurrency trades and the exchanges, merchants and attorneys that help them within the nation.
(Reporting by Shilpa Jamkhandikar in Mumbai; Modifying by William Mallard)
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