New Delhi Ready to Back Down on Crypto Regulation, Claims Anonymous Gov’t Source
It’s a case of another day, another twist in the seemingly endless saga of India’s crypto legislation. And this time the protagonists in the saga, the nameless sources leaking information to the domestic press, are claiming that the cabinet is not on the verge of doing anything with crypto after all – and that government wants more time to formulate its plans.
As reported last week, India’s leaders had seemed ready to roll out a draft bill in time for a vote in parliament’s winter session, with Prime Minister Narendra Modi set to give his seal of approval to a soon-to-be-unveiled proposal.
But now, a very talkative but anonymous “senior government official” has spoken to the Economic Times to claim that the bill will once again be delayed.
Mod
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