THELOGICALINDIAN - Former Finance Secretary Subhash Chandra Garg who headed the board that drafted Indias cryptocurrency bill says that the government should not ban cryptocurrencies but adapt them instead He added urges the government to animate crypto services
Indian Government Should Regulate Cryptocurrencies and Encourage Crypto Asset Services
Subhash Chandra Garg said Thursday at a basic accident organized by industry anatomy Assocham that the Indian government should adapt cryptocurrencies instead of prohibiting them, PTI reported.
He elaborated:
Garg, who resigned from his government position in July 2019, headed the interministerial board (IMC) that drafted the cryptocurrency bill advantaged “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019.”
However, Garg said aboriginal this year that back he drafted the crypto bill, cryptocurrencies were aggressive with India’s civic bill and crypto assets were not arresting at the time. Now, he believes that crypto assets should not be banned.
The Indian government had planned to introduce the crypto bill in the Budget affair of assembly which already concluded and no bill was introduced. The Indian finance minister and the Minister of State accept answered some questions about the crypto bill. However, the government has not appear a new plan of back the bill will be introduced.
What do you anticipate about Garg advancement the Indian government to adapt cryptocurrencies and not ban them? Let us apperceive in the comments area below.
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