<span style="font-weight: 400">In an official revelation to a leading news updater, the Finance Ministry of India <a href="https://www.businesstoday.in/crypto/story/law-to-regulate-cryptocurrencies-likely-by-budget-310439-2021-10-26" target="_blank" rel="nofollow noopener">announced</a> that crypto regulations in India will be implemented in the month of February of the year 2022. India, the country which has long been uncertain when it comes to cryptocurrencies, is highly likely to disclose crypto regulations along with the year’s budget.</span>
<h2><span style="font-weight: 400">Crypto Regulations of India Will Arrive in February, Says Finance Minister</span></h2>
<span style="font-weight: 400">Well, it is definitely a piece of news to lay an emphasis on, as the crypto freaks of the country were waiting desperately for the blurring around cryptocurrencies regulation to be cleared. The dedicated crypto community of India was suspicious when it came to what decision will the Indian government take regarding crypto.</span>

<span style="font-weight: 400"><a href="https://www.cryptoknowmics.com/news/cryptocurrency-in-india-what-can-we-expect-in-the-future/">Cryptocurrencies</a> have really faced a lot in the country with initially being de-facto banned in the year 2018 by the Reserve Bank of India. Though in the year 2020, the Supreme Court of India lifted the ban on cryptocurrencies, the absence of regulations was a major matter of concern for investors. </span>

<span style="font-weight: 400">However, crypto enthusiasts were filled with joy when the Finance Minister of India, Nirmala Sitharaman, <a href="https://www.cryptoknowmics.com/news/nirmala-sitharaman-says-india-may-not-follow-el-salvador-soon-but-a-futuristic-thing-cant-be-ignored/">said </a>that India won’t completely shut crypto, as it is a technology of the future and hence, slamming doors on crypto will not prove to be the best financial decision.</span>

<span style="font-weight: 400">In addition to this, it should be noted that the Reserve Bank of India (RBI) is focused on exploring a CBDC (Central Bank Digital Currency) backed by the state, and the trial project might be launched by the end of this year.</span>
<h2><span style="font-weight: 400">Indian Crypto Investors Pouring Money Heavily in Digital Assets</span></h2>
<span style="font-weight: 400">Indian crypto investors, majorly teenagers and tech lovers, have been dwelling deep into crypto trading and investing witnessing the humongous returns of crypto assets and increasing adoption.</span>

<span style="font-weight: 400">In accordance with the data revealed by market data aggregators, India has witnessed a surge in the crypto trading volume since the month of May, clearly indicating that imposing a ban on digital assets, will wash away a significant amount of money out of investors’ wallets.</span>

Finance Ministry of India Confirms Crypto Regulations Arrival in February, Might Announce With Budget 2022

The Finance Ministry of India announced that crypto regulations in India will be implemented in the month of February of the year 2022.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Finance Ministry of India Confirms Crypto Regulations Arrival in February, Might Announce With Budget 2022

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