MUMBAI, Oct 16 (Reuters) – A robust 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 have to regularise these items for the bigger good of the society,” stated Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh, the ideological dad or mum of Prime Minister Narendra Modi’s Bharatiya Janata Social gathering.
Streaming platforms like Netflix (NFLX.O) and Amazon’s Prime Video (AMZN.O) 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 (DIS.N), 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 foreign money like bitcoin – I do not know which nation controls it or which guidelines govern it,” Bhagwat stated in a speech to followers marking the Hindu pageant of Dussehra on Friday. “The federal government ought to do it. It has to do it.”
Modi’s authorities typically appears to be like to the Hindu group for coverage steerage, however has kept away from regulating streaming platforms. Films and TV exhibits, nevertheless, should undergo a censor board.
The federal government ready however didn’t submit a invoice to parliament earlier this yr that may have banned buying and selling and holding cryptocurrencies. read more
Native media has reported the federal government was seeking to tax cryptocurrency trades and the exchanges, merchants and legal professionals that assist them within the nation.
Reporting by Shilpa Jamkhandikar in Mumbai; Modifying by William Mallard
Our Requirements: The Thomson Reuters Trust Principles.