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India: Crypto-bill FUD notwithstanding, here’s how the market is holding up
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ambcrypto.comIndia is in the middle of a crypto-revolution. And, it would seem that the regulatory climate is gaining steam too, with the much-speculated crypto-bill scheduled to make its first appearance in the winter session of the parliament. According to tweets shared by the PRS Legislative, 26 new bills will be introduced beginning on 29 November. These bills will include the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
Conjectures about this bill have been many and varied. However, as the bill enters the discussion floor, crypto-users and businesses are likely to get more clarity. The bill purports to create a facilitative framework for the creation of a digital currency to be issued by the Reserve Bank of India, i.e. A
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