Anonymous Speculations about crypto regulation in INDIA.

As you all know that, we are going through a phase of suspense as fate of cryptos in INDIA is too much unpredictable. As lastly discussed that, perhaps INDIA is going to ban all private cryptos but the game has changed a little bit now. Few days ago, one parliamentarian was heard saying that, BITCOIN won't be acce0ted as a currency in INDIA. This statement is too vague to conclude anything in favour or against. Two interpretations of the above mentioned saying soon begin to float than. Those who are optimistic interpreted it as, BITCOIn would be considered as an asset and not a currency. Those who are against the motion , interpreted it as a categorical denial of its acceptamce and it is likely to be banned. However, I stand by those, who speak for the motion.

We are expecting some discussion on crypto regulation bill in INDIAN parliament on 06th Dec. Anonymous sources of some TV channels have got some clues about the anticipated bill and below I'll share what I heard them saying :

• India will not ban but regulate private cryptocureencies and bring it under ambit of SEBI. Any non complaince is laible to be punished with imprisonment and fine. It can be taken in a positive sense as it is better than ban. However , decentralized nature of cryptos will be at stake.

• Here comes a red flag sign. Citizens will no longer be allowed to hold their cryptos on foreign exchanges or private exchanges. If it somehow proved to be right than it would really spoil mood of crypto investors for multiple reasons. Think of features on our exchanges and foreign exchanges. However , time may heal everything properly for which we have evidence from past.

I'll stop here today. I'll share more updates as things unfold.
Feel free to share your views and enlighten me through your valuable experience here.

Thank you.