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21 September 2020

India's Crypto Bill Omitted From Parliament Agenda While New Ban Report Appears | Bitcoin News

India's Crypto Bill Omitted From Parliament Agenda While New Ban Report Appears | Bitcoin News


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The Indian government has been deliberating on how it will treat cryptocurrencies in the country after a draft crypto bill was submitted by an interministerial committee headed by former Finance Secretary Subhash Chandra Garg last year.

When that did not happen, there were reports suggesting that the crypto bill could be introduced in the Monsoon session, which started Monday and will continue through Oct1

The publication claims that India is planning “to introduce law to ban cryptocurrency trading.” Citing “people familiar with the development who asked not to be identified, citing rules on speaking with the media,” the publication wrote:.

Furthermore, Crypto Kanoon co-founder Mohammed Danish previously explained that if the Indian government decides to pass a law to ban cryptocurrency in some ways, “this law can be challenged by crypto business, traders, or enthusiasts based on various rights available to them under the Constitution.”.

Despite multiple ban reports, the cryptocurrency community in India firmly believes that the government will not impose a full ban on cryptocurrencies since much has happened since the Garg committee’s bill was drafted?

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