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Dec 20, 2021
Despite the Delay in the Crypto Bill, Nischal Shetty Remains Optimistic
This session of parliament is unlikely to see a crypto regulatory measure introduced. Regardless, India has done a good job in advancing cryptocurrency legislation. The Indian crypto community deserves credit for advocating for favorable rules in the country. That’s how Nischal Shetty expressed his view on the crypto bill.
The next Cabinet meeting is on December 22, therefore it's doubtful that the crypto law will be approved by the Cabinet and then submitted in parliament. Because the administration is contemplating revisions to the draught bill, it is likewise unlikely to be tabled this session. The crypto bill has been listed for the current winter session of parliament, as well as the previous budget session, although neither session has seen it introduced.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.