India’s crypto bill won’t be part of the budget session
, a bill seeking to prohibit all privately-issued cryptocurrencies, such as Bitcoin and Ethereum, appeared on the agenda for the three-week-long winter session back in November.
The government has since softened its stance. A cabinet note has made it clear that the government intendscryptocurrencies instead of banning them. While the crypto bill was initially listed by the lower house of the parliament, it was removed during the last days of the winter session. While the Indian cryptocurrency industry is in dire need of a regulatory framework, some believe that there’s a silver lining in the delay since it will allow carefully crafting of the much-anticipated bill after having discussions with stakeholders.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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