The Indian government moves toward finalizing the framework for cryptocurrency regulation! "It does not mean that the current situation is completely prohibited."
India Government’s Cryptocurrency Regulation Framework Finalized
According to a report by leading Bitcoin news outlet Bitcoin.com, the Indian government, which has long been working on cryptocurrency regulation, has announced that a draft report including the cryptocurrency regulation framework is nearly complete.
On Friday, local news outlet Coin Crunch India wrote that this report is in the “finalization stage.”
Japanese translation
On Friday, the local news agency Coin Crunch India wrote that this report is “in the finalization stage.”
Since the Indian government has long been working on cryptocurrency regulation, people are curious about what will happen next.
Report on Cryptocurrency Regulation Is Reported to Be in Final Stages
Local news outlet Coin Crunch India asked the following three questions when it submitted a request under the Right to Information (RTI) to the Ministry of Finance on December 13, 2018:
- Whether the committee submitted a draft to the ministry of finance.
- Whether the committee proposed banning Bitcoin.
- To submit a copy of the report.
And on the recent January 29, the Indian government issued a brief statement replying to the RTI as follows.
The report of the committee is under finalization stage, hence, prohibited under section 8(3) of RTI Act, 2005.
Japanese translation
The committee’s report is in the final stage, and therefore is prohibited under Section 8(3) of the RTI Act, 2005.
【Table of contents for this article】
1: India Government Cryptocurrency Regulation Framework Finalized
➜ Report on cryptocurrency regulation in final stages
➜ Contents included in this report
2: Current Status of Cryptocurrencies in India
3: Related Articles About India
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