The Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final decision on the country’s crypto policy.
Also read: Indian Supreme Court Heard Crypto Case in Depth Today
Government Unveils Plan for Crypto Bill
The Indian government has been deliberating on the crypto report submitted by an interministerial committee (IMC) tasked with studying all aspects of cryptocurrencies and providing recommendations. The report containing a draft crypto bill was made public on July 22 but the bill has yet to be introduced in parliament.
During Thursday’s supreme court hearing of the crypto case, the government unveiled its plan regarding the bill. Financial Express publication reported that the government informed the court that the IMC has