Topic: Indian government appointed committee proposed draft bill might get approved - page 2. (Read 240 times)

Today the Inter-Ministerial committee responsible to decide the fate of Cryptocurrency in India uploaded the draft bill(that termed banning of cryptocurrency in India with 10 years of Jail) to DEA (department of economic offense) ministeries website. Link to the website - https://dea.gov.in/

What does it mean?

The current session of Indian parliament runs till the 26th of July (EXTENDED TILL 06/08/2019). Most probably this draft bill will go through the parliament within this session or till the next session. But, it may become a bill.

What can Indian crypto holders do?

I did find some information regarding passing a bill through the Indian parliament. Read it and found that there are three stages through which a bill has to pass in one House of Parliament. In India, there are two houses of Parlament. You can read more here - https://en.wikipedia.org/wiki/Lawmaking_procedure_in_India?fbclid=IwAR3x_Wbb53WnCkFKM3i7_kMJVjftfJt4EuwOPb2sD4qBloIi7VZfbjUjNxg

This is what the law says, I request the Indian crypto community to hold till the 26th of this month, as it is the last day of parliament and then decide. Please do not take any hasty decision.

EDITED - As some members have complained that the link is not correct. I would like to make them aware that the first link is directed to the Press release website for the Department of Economic Affairs. Please read the press release for 22nd of July.

If you click that link it takes you to the Draft Bill - https://dea.gov.in/sites/default/files/Approved%20Press%20Release%20on%20the%20Report%20and%20Bill%20of%20the%20IMC%20on%20VCs%2022%20July%202019.pdf