The Indian government pushes a bill for Parliament's winter session that would ban most cryptocurrencies and form a framework for creating a CBDC
CoinDesk
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Discussion
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@nischalshetty
Nischal
on x
Day 1120 After yesterday's media discussions, a few things have emerged: - No one knows content of the bill - Definition of private crypto seems to be anything not issued by Government (context has been 'currency') - Regulation not ban #IndiaWantsCrypto
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@nischalshetty
Nischal
on x
Feels like Feb 2021 all over again The Crypto regulation bill has been listed for winter session The description hasn't changed much There will be speculation on both sides The good thing is more people within Government are aware of how crypto works 💪 #IndiaWantsCrypto
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@billbarhydt
Bill Barhydt
on x
India and China stuck on endless loop of crypto stupidity. https://twitter.com/...
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@nischalshetty
Nischal
on x
This is not the end but the beginning of crypto regulations in India Industry has had the opportunity to present. Law makers understand the growing market. Over 15M+ people own crypto in India There are ways to curb the bad activities and promote innovation Don't panic ✌️
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@arpiit
Arpit Agarwal
on x
As much as probably everyone in government would like to ‘ban’ cryptocurrencies in India, the truth is that a ban is nearly impossible to execute, even if this will stand the test of fundamental rights and liberty. Here's how I think a legal framework can make sense: https://twit…
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@nbalajiv
@nbalajiv
on x
Gentle counter view (Thread) (1/13) https://twitter.com/...
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@monikahalan
Monika Halan
on x
Thread on crypto and India's move to ban privately held ‘currencies’.
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@gautamchhugani
Gautam Chhugani
on x
Banning media to talk about crypto maybe a better crypto ban.
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@cryptooindia
@cryptooindia
on x
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 - Which was introduced but not taken up during budget session is being introduction again with same title & description. Bill was never made public - So its hard to know exact contents. https://twitter.com/…
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@coindesk
@coindesk
on x
While the bill is the same as the draft submitted in January, expectations had grown that the government would submit a final version that would be friendlier to crypto. by @KReyofCoinDesk https://www.coindesk.com/...