Indian Government Progressing on Crypto Regulation Amid Ban Rumor

[sirty143]

The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments. See more for yourself here.

[Fenix]

While it is clear that the regulation of cryptocurrency in India will not be soon. This issue will be considered by the new government after the elections in May. The Supreme Court of India also postponed the consideration of the cryptocurrency lawsuit until July 23. Rumors of a possible ban on cryptocurrencies in India are based on the words of an anonymous official. In general, while we need to expect further news.