Indian Crypto Regulations Ready in July, Official Reveals

Hiii steemers today i am about to post a news about bitcoin 4 days ago zebpay gave a warning to withdraw bitcoin beasuse it would no longer run in india, so all the bitcoin holders in india which in on steem please watch it read it and have any question
If you thought that in India Crypto was over, You were probably.  One of the high-ranking official says "A long awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hopt to" wrap this up as soon as the first half of the month. Meanwhile,

the Supreme Court has agreed to review a petition against the RBI ban earlier than expected, resetting the hearing for July 3.

                       Committee Decides the Fate of Bitcoin in India

The new Indian regulatory framework for cryptocurrencies is likely to be presented in the first half of July, according to a recent statement by Subhash Chandra Garg, Secretary of the Department of Economic Affairs at the Ministry of Finance.

A draft has been put together and will be discussed in the first week of next month, the official said in an interview with the news channel ET Now. Garg, who is heading the committee tasked to determine the future of Bitcoin in India, explained:

"We are fairly close to developing a kind of template which we think might be in the best interest of our country. We have prepared a draft which we intend to discuss with the committee members in the first week of July."

The Finance Ministry representative also noted that the committee has made a lot of progress in regards to determining “what part of business should be banned, what should be preserved, and what not.” In his words, the lower detail work has already happened. “We should be in the position to wrap this up in the first fortnight of July,” he elaborated.

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