RATE Group | India has not considered crypto ban in the winter session
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India has not considered crypto ban in the winter session

18 Nov India has not considered crypto ban in the winter session

Posted at 22:57h in Cryptocurrency News by

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  • As opposed to an earlier announcement in August, the Parliament has not included the draft bill on crypto ban in the winter session.
  • CEO of WazirX exchange, Nischal Shetty, tweeted that this is great news as the government is reevaluating the ban.

Contrary to what was previously planned, the government of India will not be considering a crypto-related draft bill during the winter session of Parliament. The session agenda issued in India’s Lok Sabha on November 14 did not include the draft bill named “Banning of Cryptocurrency & Regulation of Official Digital Currencies.” In August, the Indian government had stated that the draft bill would be introduced in Parliament in the winter session, lasting from November 18 to December 13.

According to an earlier report by Cointelegraph, the draft legislation allegedly intends to impose a ban on crypto usage in India. Additionally, it is also planning to launch a “digital rupee” issued by the Reserve Bank of India -…

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