“We want to make sure there is a window available for all kinds of experiments which will have to take place in the crypto world. It is not as if we are going to look inwards and say we are not going to have any of this. There will be a very calibrated position,”
https://twitter.com/CNBCTV18News/status/1367810414679977987The Indian government is in final stages to submit the bill in the parliament and they are experimenting the usage of Cryptocurrencies in different ways.They have already praised the blockchain technology and are in favour of using it to develop its own digital coin by the RBI.The crypto enthusiast and Exchanges have United to start a initiative to regulate cryptocurrencies in India as mentioned by Nischal Shetty CEO of wazirX leading crypto exchange of India.The bill is yet to be submitted in the current session but the hints have been given by finance ministers Nirmala Sitaraman that most probably the government is trying to regulate the Bitcoin and other cryptocurrencies instead for going on complete ban on their usage. Actually the government has not still not able to understood how they could regulate or use Bitcoin and other alts in efficient manner and they are in experimental talks with RBI to try to figure it out by making a committee for such decisions.But hope for the best because India is one of the leading market of crypto users.