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14.11 - 12:15
India: A law to regulate the crypto-industry could come as soon as…
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Though India and China are in competition across a variety of industries, one wouldn’t think this when comparing the countries’ respective crypto-scenes and CBDC programs.
However, India could soon be bringing changes to its largely unregulated crypto-sector.
According to Business Today, officers from the Finance Ministry have claimed that a crypto-law could enter the scene around the time of the Annual Budget.
India’s Union Budget will tentatively be presented on 1 February 2022 by Finance Minister Nirmala Sitharaman. The minister had previously expressed concerns about anti-Bitcoin protests in El Salvador. At the time, however, she also said that a CBDC might be possible.
However, the authorities did not hint that a ban is imminent, as
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