Cryptocurrency :Govt likely to introduce Crypto Bill in winter session 2021 to regulate Digital Currency.

Cryptocurrency :Govt likely to introduce Crypto Bill in winter session 2021 to regulate Digital Currency.

Cryptocurrency :Govt likely to introduce Crypto Bill in winter session 2021 to regulate Digital Currency.

As Indian investors have put large volumes of investments in cryptocurrencies, the government is of the opinion that it would not be a right step to outrightly ban them.Things have changed immensely since last year when the Indian government was almost close to banning digital currency
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Now, it seems like the Indian government has given up on the idea of banning cryptocurrencies. According  to a report in Economic Times, The government is likely to take a middle path on cryptocurrencies and modify the earlier draft of the bill as it gets ready to table the bill in the upcoming winter session of parliament..

Though Cryptocurrencies are legal in India, they are not registered
This increases the chances of scams and frauds to be increased. The crypto industry has been seeking better inclusion, with few voices even asking the government to make crypto a legal tender. While making crypto a legal tender seems a far-fetched reality, the government is looking to find a middle route which balances the concerns of all involved

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