Re: Crypto related questions are going to be asked in Winter session of Parliament

Once again the cycle got repeated, many investors did panic selling listening to fake news here and there and now would be regretting their actions.

Yes, but the same investors and everyone else has got this chance of buying whatever they sold - because BTC, ETH - is still very low.

People were already expecting that the finance minister might not bring this bill in this session because there's way too many, and more important bills, waiting for their queue. Someone even asked the minister if this bill might get a chance to show up at all and the minister replied that they are very serious about this bill and it will come this time.

Whatever their intentions, it was quite certain from the start that they simply do not have enough time to get this bill questioned when more priority bills are waiting in queue.

I don't know what really decides the priority of the government. Maybe elections decide the priority of the government because most of the bills that are passed don't sound much like a priority to me. But yes one thing for sure that government isn't really in the mood to bring this bill on table, maybe they don't want to pass it in this way, because if the government is listening to views of stakeholders just previous month and bringing in the bill the very next month, I feel there were a lot of additions/ subtractions to be done in that. Talking about the price I am very sure ban or unban isn't going to affect the international market for a very long time.

I think it is a mix of everything. The current third wave situation, then the UP election and the last marriage age bill for girls above all the ruckus created by the opposition made thing much worse. I am sort of happy that the bill did not get passed yet but eventually it will and if it doesn't favour the community then things will again become more uncertain.

If you see it in terms of upcoming elections, I doubt bill would be able to go through anytime before 2024, we are having many state elections this year and after that in 2023 government won't take any risk keeping the 2024 general elections in mind because already too many set of people are somewhat anguished with the government, but yes things are too speculative currently for the Indian crypto community.

Under these pandemic circumstances if the government and other political parties are united in having UP election within the scheduled time then imagine how important election is and all bills are passed considering the benefit one political party will get. They will try to defer it as long as they can because they would not try to angry this big Indian crypto community. But, there is another ideological wing of the present government that wants either a complete ban or a strict regulation. Things are pretty much shady at the moment, we will need to wait for the next parliament session to see what happens