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Sundara Rajan, the chief compliance officer at CoinSwitch, talked about the proposed crypto bill, and other details around regulation that would be useful for cryptocurrency investors and traders in India.
Regulations on the crypto sector in India have been postponed for now, as the government has decided to see how the other nations are planning on doing the same. The crypto bill seeking operational prohibitions on private cryptocurrencies did not reach the parliament in this winter session.
The Cryptocurrency Bill is unlikely to be presented in the ongoing winter session of Parliament as the Centre is yet to finalize details of the legislation, news agency Bloomberg reported citing people familiar with the development.
Below are some of the updates about cryptocurrency world that you would like to know.
The government is considering reworking the proposed cryptocurrency regulation and likely introduce it only in the Budget session next February.