India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister […]
The post Indian Finance Minister Addresses Crypto Proposal – Industry Responds appeared first on Bitcoin News.
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Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are. Also read: G20 Leaders Issue Declaration on […]
The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill. Also read: Indian Government […]
There have been a lot of interesting cryptocurrency-related developments in India over the past few years. Primarily the confusion regarding the regulation of the industry or even potentially banning it has created a few interesting debates. It now seems there is no plan to ban Bitcoin and altcoins in the country, although there could still be restrictions down the line. No ban, Government Confirms It is good to hear the Indian government has finally made its stance on Bitcoin and altcoins clear. After years of uncertainty and speculation, there will be no ban for any cryptocurrency in the foreseeable future. 
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the […]