India plans to introduce a new law banning trade in cryptocurrencies, placing it out of step with other Asian economies which have chosen to regulate the fledgling market.
The bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, according to people familiar with the development who who asked not to be identified, citing rules on speaking with the media.
It was just click bait and nothing else, these rumors are already trashed, the cabinet will not be taking cryptocurrency for discussion in the current parliament session and most of the owners of cryptocurrency exchanges already made that clear in social media about the real situation. These articles are meant to create panic and nothing else.
The proposed bill that is mentioned in the article is submitted to the finance minister in 2019 by the Garg committee and after that the Supreme court gave a decision in favor of the exchanges to resume their business.