Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Draft Bill on Crypto Regulation To Be Presented By India in December

Draft Bill on Crypto Regulation To Be Presented By India in December

Kelly Cromley by Kelly Cromley
Nov 20, 2018
in Market News, News
Reading Time: 2 mins read
0

Records received from the Quartz India digital news site show that the Indian government is effectively planning a draft crypto-regulation bill, which is anticipated to come to light in December.

The government submitted a counter-affidavit to the Supreme Court of India yesterday, 19 November, which is as of now hearing a case registered against the Reserve Bank of India (RBI) by a few crypto exchanges.

The archive states that the board of the Indian finance ministry,given the task of preparing the draft and headed by Subhash Chandra Garg, Secretary of Economic Affairs, will submit its preliminary version in December.

“Currently, serious efforts are going on for preparation of the draft report and the draft bill on virtual currencies, use of distributed ledger technology in the financial system and framework for digital currency in India.”

Quartz India reports that the draft report and bill will be sent to the Interministerial Committee (IMC) individuals and that the draft adoption will be examined in particular at the next IMC meeting. Archives note that “the draft report is anticipated to be submitted to the IMC by next month.”

In addition, in January 2019, the Garg panel planned two meetings on crypto regulation. The members of the committee will submit the legislation and accept proposals during the meetings, according to Quartz India.

The legal battle over crypto regulations began in April 2018, when RBI announced that it would stop providing services to individuals or legal entities involved in cryptocurrencies. After the move, 11 crypto companies brought an action against the RBI in the Supreme Court to overturn the decision. The hearing was finally held at the end of October after several postponements.

At the hearing, the Supreme Court set a deadline of two weeks for the Indian government to announce its official position on cryptography. Shortly after the hearing, the Indian Economic Affairs Secretary recommended that the country’s Finance Ministry prohibit “private cryptocurrencies.”

In India, the legitimate cryptographic system remains hazy. The primary Bitcoin (BTC) “ATM” developers in the city of Bangalore have been arrested by the Indian establishment on criminal charges. Agreeing to domestic news offices, the primary cryptocurrency exchange in the nation, Unocoin, was booked on genuine criminal charges, including criminal conspiracy, cheating and fraud.

Previous Post

Crypto Selloff Takes Bitcoin Below $5,000

Next Post

IBM Launches Two Eight-Week Blockchain Accelerator Program

Related Posts

datavault-ai

DataVault AI Acquires SyncIN Tech to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
0

DataVault AI Inc. (NASDAQ: DVLT), a technology firm based in Beaverton and currently valued at approximately $52 million, has announced...

tron-partners-with-trump

Tron Moves to Support TRUMP Coin Amid Market Uncertainty

by Kelly Cromley
Jul 8, 2025
0

Tron has disclosed its intention to integrate the TRUMP meme coin onto its blockchain through the LayerZero protocol, in a...

Dubai Land Department Partners with Crypto.com

Dubai Teams Up with Crypto.com to Digitize Real Estate Market

by Kelly Cromley
Jul 7, 2025
0

The Dubai Land Department (DLD) has entered into a strategic agreement with global cryptocurrency firm Crypto.com to establish a digitally...

hyperscale-data

Hyperscale Data to Launch Solana Validator Node in 3Q25

by Kelly Cromley
Jul 7, 2025
0

Hyperscale Data, Inc., listed on the NYSE American under the ticker GPUS, has announced that its fully owned subsidiary, Ault...

mercado-bitcoin

Mercado Bitcoin Begins Process of Tokenizing RWA on XRP Ledger

by Kelly Cromley
Jul 7, 2025
0

The landscape of tokenized real-world assets (RWAs) is undergoing a notable transformation, driven by a confluence of institutional initiatives, strategic...

red-bull-partners-with-agent-daredevil

Red Bull PH Backs AI Daredevil in Web3 Sports Push

by Kelly Cromley
Jul 7, 2025
0

Red Bull Philippines has entered into a landmark collaboration with Agent Daredevil, a fully autonomous AI sports predictor built entirely...

Next Post
IBM Launches Two Eight-Week Blockchain Accelerator Program

IBM Launches Two Eight-Week Blockchain Accelerator Program

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

datavault-ai
Market News

DataVault AI Acquires SyncIN Tech to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
tron-partners-with-trump
Market News

Tron Moves to Support TRUMP Coin Amid Market Uncertainty

by Kelly Cromley
Jul 8, 2025
Dubai Land Department Partners with Crypto.com
Market News

Dubai Teams Up with Crypto.com to Digitize Real Estate Market

by Kelly Cromley
Jul 7, 2025
hyperscale-data
Market News

Hyperscale Data to Launch Solana Validator Node in 3Q25

by Kelly Cromley
Jul 7, 2025
mercado-bitcoin
Market News

Mercado Bitcoin Begins Process of Tokenizing RWA on XRP Ledger

by Kelly Cromley
Jul 7, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree