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Indian crypto regulation law to be launched in 2022 February

 


The new cryptocurrency regulation law in India is scheduled for the next year (2022) in February at the time of the next general Budget. Rather than ban digital currencies, the Indian government is seeking another way in regulating crypto assets as commodities. Cryptocurrency might have become a successful financial medium today, but it is still not being looked upon with lawful tender in most countries. 


The price volatility and misuse of unlawful methods like money laundering are some of the negative aspects of it. In 2018, the RBI even banned cryptocurrency directing most banks to not indulge in any sort of dealings with it. But in 2020, the Supreme Court of India uplifted the ban as the apex court failed to present ample evidence in giving reasons to ban cryptocurrency in India. 


Now once again the ghost of cryptocurrency regulation has appeared in the form of a new crypto bill in parliament. So let us see what lies ahead with its effect. Follow blockchain regulation news on the leading crypto site, Cryptoknowmics, and get newer updates on block summit, and explore the latest ICOs, airdrops, bounty, and so on. Search any topic here and you will get the desired results on cryptocurrency price status and lots more. 



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