Crypto Regulation Is Progressing In India Amid Ban Rumor

According to bitcoin news, A recent report on Crypto Regulation has come in which The Indian government has been progressing on cryptocurrency regulation. This report came from the Ministry of Finance and they confirmed the news.

However, a report containing the legal framework for cryptocurrency was supposed to submit in March but due to some reasons Supreme court adjourned the date. Now it is supposed that the report could submit on July 23 and the community expects this matter to be addressed at that time.

Crypto Regulation Is Progressing In India

As is said above the next hearing of this report is on July 23, there are also some rumors on cryptocurrency regulation. The latest rumors reveals that India’s Department of Revenue is giving their time on working with the Financial Action Task Force (FATF) on cryptocurrency.

Recently a local media claimed that the Indian government is working on crypto and it is supposed to sublit a draft bill on cryptocurrency soon.

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