Finance Ministry of our country is in crisis right now. We currently have the most incompetent finance minister of the last 20 years. Our government is wannabe anti-corrupt and in this pursuit it has taken some of the worst decisions like Demonetization. Banning cryptocurrencies will be another addition in the long list of hasty bad decisions of our government.

However, I doubt that we gonna see this bill in the Parliament anytime soon. Currently the draft is in staging area and one of the finance ministry official has leaked the news that ministry is thinking about banning the cryptocurrencies. But it would take months until government could give this draft a shape of bill by discussing it with major stakeholders and only then the bill would be presented in Parliament.