The second-most populated country is reportedly considering postponing the implementation of cryptocurrency regulations. Before putting bitcoin and the alternative coins under its scope, the Indian authorities will first seek comments from the public, a senior government official opined.
It Might Not Be This Winter
At the end of November, the government of India revealed plans to impose strict rules on the local digital asset space. The legislation called “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” aimed to ban the employment of private cryptocurrencies.
On the other hand, the authorities wanted to create a better ecosystem for the state-controlled central bank digital currency and spread it in its financial network. The initial plan was to enforce these rules during the winter session of Parliament.
According to a recent report by The Economic Times, the proposed legislation will not become a reality now. A senior government official, whose name was
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