Re: India on Bitcoin: Will the Newly Elected Indian Government Pass Crypto-Friendly
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.
I really do not expect any positive changes in the entire market in India simply because the newly elected government is the same bunch of people who were ruling earlier, who ruined the market by a big margin because of their incapability to forecast things and their lack of vision and i do not expect anything different this time around too, i wont be even surprised if there is a blanket ban for bitcoin, they have already destroyed the exchanges and all of them have to shut their business and what more can we expect from them 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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