India: See This Alleged Draft Of Banning Of Cryptocurrency & Regulation of Official Digital Currency Bill 2019!
Finally we are able to review the document which caused a lot of speculation and tension for crypto users in India. Thanks to Varun Sethi also known as BlockchainLawyer on Twitter for find us this copy of the alleged draft of the crypto ban bill in India.
You can find the copy here.
I have shared some of my opinions over it in the past when the Bloomberg article came out and I don't see a lot changing at the moment. But it's not official until it's passed by the government so don't panic.
Remember this is not a draft bill from any government agency and could have been drafted privately by an MP for example. So don't jump the gun with panic sentiments.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
- Building A List Of Users From India—Please Fill This Form ASAP!
Hope for the best results.
I think this is a private bill. There was a bit about it on the RSTV (Rajya Sabha TV) and they were saying that this is a private member bill. Also, in a recent Parliament session, Aurag Thakur the MoS for finance answered a question regarding cryptocurrencies and he said that, "The issue of permitting trading in crypto currencies is being examined by an inter-ministerial committee".
So when is the decision whether it is passed or not because it is a very important decision for our Indian community as well as crypto community as India contributes a huge part to crypto .
Scary stuff.