Mohan Bhagwat, chief of the Hindu nationalist organisation Rashtriya Swayamsevak Sangh (RSS), gestures as he prays during a conclave on the outskirts of Pune, India, January 3, 2016. REUTERS/Danish Siddiqui/File Photo
MUMBAI, Oct 16 (Reuters) – A powerful right-wing Hindu group linked to India's ruling party has called for curbs on streaming platforms and cryptocurrencies, saying regulation was essential.
"There is a need to regularise these things for the larger good of the society," said Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh, the ideological parent of Prime Minister Narendra Modi's Bharatiya Janata Party.
Streaming platforms like Netflix (NFLX.O) and Amazon's Prime Video (AMZN.O) have faced lawsuits and police investigations, mostly in BJP-ruled states, for content deemed inflammatory and offensive to the country's majority Hindu population.
Netflix, Amazon and Walt Disney Co (DIS.N), another major streaming platform in India, did not immediately respond to requests for comment. Bitcoin and India's Association of Blockchain & Crypto Entrepreneurs could not immediately be reached.
"A currency like bitcoin – I don't know which country controls it or which rules govern it," Bhagwat said in a speech to followers marking the Hindu festival of Dussehra on Friday. "The government should do it. It has to do it."
Modi's government often looks to the Hindu group for policy guidance, but has refrained from regulating streaming platforms. Movies and TV shows, however, must go through a censor board.
The government prepared but did not submit a bill to parliament earlier this year that would have banned trading and holding cryptocurrencies. read more
Local media has reported the government was looking to tax cryptocurrency trades and the exchanges, traders and lawyers that support them in the country.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved
A modern tech company.
- Next Samsung SmartThings Energy is being expanded – Geeky Gadgets
- Previous Cryptocurrency Is Bunk – Jacobin magazine
- Rho raises $75 million Series B for its one-stop corporate spend and cash management solution
- Usage-based pricing is a company-wide effort
- Shabodi aims to make developing apps in 5G a piece of cake; takes in $3M
- E-commerce aggregator Merama gets its horn after just 12 months in business
- Pod Foods bags additional funding to overhaul the grocery supply chain
No comments to show.