The elections for the seat of power in the largest democracy of the world came to an end on 23rd May 2019. The current ruling political party won the elections again as the people of the nation chose Narendra Modi as their Prime Minister for the second time.
The election in India began on April 11th, 2019, since then India has been under aachar sanhita or code of conduct, according to which the Government can pass no new law. Nevertheless, with the election results announced, the pending work of the lawmakers would also resume. Subsequently, cryptocurrency regulations can be expected soon as well.
Complete Crypto-Ban or Stringent Regulations?
Reportedly, an economic committee under the Indian Government has drafted a bill the Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019. The discussion on the bill is being held between the various branched of the Government. The bill will be introduced in the parliament for approval if sanctioned by the departments.
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https://coingape.com/india-bitcoin-elected-government-pass-crypto-friendly-laws/ The idea of accepting and regulating bitcon has been discussion before hand during the same guy's period being a prime minister, and with him being reelected what makes you think that they will rethink their decision and accept it, my personal opinion toward bitcoin regulation in India and any other country is there must be a new people in the seat of power, people with vision and with knowledge what bitcoin is capable of, in order to make progress and development and bring the future to the next era.