For those who are wondering what is the sitting committee doing about Bitcoin and cryptocurrencies in India, we might have the answer soon enough. The committee was setup by the Finance ministry of India in early 2018 to review and recommend the further steps for cryptocurrencies in India.
In an interview with ET Now, Economic Affairs Secretary Subhash Chandra Garg talked about the current position of the committee. Garg is leading the committee.
Subhash Garg, Economic Affairs Secretary, says his commitee has made significant progress on the draft on Bitcoin & Cryptocurrencies, and plans to release it by mid July.
https://twitter.com/i/status/1010899562532179969
Complete interview
Sequence of events
July 3 – Supreme Court will hear the appeal of IAMAI against RBI’s virtual ban on Cryptocurrency
July 5 – The deadline for Banks to close ties with crypto exchanges
By July 15 – Garg Committee to submit its report on Cryptocurrencies
July 20 – Supreme Court will hear the appeal to ban, regulate or allow cryptocurrencies in India
What do you think the government should do? We want to know your opinion, let me know in the comments below
Thanks for the information this was very helpful
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Government should not and reality is that Govt, Supreme Court and any thing can't ban it. ty from giving info bro
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Thanks for such comment...its really useful...also give us insight on further updates
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