The Indian government is not yet banning crypto, postpones notorious cryptocurrency bill

The Indian government is not yet ready to finalize the notorious cryptocurrency bill that could ban all digital assets payments in the country and practically destroy the entire industry of digital payments.

The Indian government has stated that the cryptocurrency bill will most likely be postponed and discussed sometime in the foreseeable future since regulators need to finalize all details before legislation, according to Bloomberg’s sources.

The Indian prime minister’s administration is looking forward to broader consultation on the proposal before making it law in the country. Since the topic itself can be considered complicated from both the technical and social sides, the current session will not be able to finish the discussion due to ending on Dec. 23.

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