Government of India Delays Cryptocurrency Bill – Cryptocurrency Regulation

The government of India has decided to delay the introduction of a cryptocurrency bill in the country

The Indian government had announced to the supreme court that the country’s cryptocurrency bill will most likely be discussed in the winter session of parliament this year.

Today, the draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill 2019” came to light. Interestingly, the crypto bill isn’t included in the agenda published by Lok Sabha, the lower house of India’s parliament.

The news gives crypto lovers in India a sigh of relief. Although it remains unknown if the Indian government still plans to present the bill at a later date or drop the plans altogether. The winter session starts on the 18th of November and ends on the 13th of December.

A lot of positive responses

After the update by the government of India, the cryptocurrency community expressed delight.

Sohail Merchant, CEO of Indian crypto exchange Pocketbits, considered the…