Indian PM Narendra Modi to take final call on crypto regulatory

India’s Prime Minister Narendra Modi will take a final decision on the regulatory framework for cryptocurrencies, Recently there was a meeting of top government dignitaries on the matter to consider various views including those of the Reserve Bank of India and industry stakeholders.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is listed for consideration and passing in the ongoing winter session of Parliament, As per the report quoting sources, a blanket ban on trade bourses is expected, and wallets and Google Chrome extensions that mask the traders.

It was earlier reported that government plans to bring investments by Indian investors in digital coins on domestic and global platforms under tax ambit. The options include a complete ban on private cryptocurrencies, a partial ban, allowing all categories of crypto products with regulation.

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