The Indian Indian Summer Forum is over, but the long-awaited crypto policy is not here

The Indian Summer Conference, which began on November 29, ends on December 23. However, the highly anticipated Indian Crypto Act did not spark a second controversy.

India's crypto platform has been operating under ambiguous rules for some time, and this isn't the first time Indians have wanted legalization.

Previously, the cryptocurrency policy was expected to be announced at a financial conference, but changes to the “Cryptocurrency Official Act 2021” have been delayed.

"Crypto Rule 2021" has been removed from the current Indian Summer agenda. According to media reports, the law is expected to be announced next year.

Under the rules, five Indian states will hold general elections in 2022. Some sources have indicated that the government does not want to rush the Crypto Bill. Estimates show that the government will allow crypto rights as "blanket" after state elections.

In this regard, Siddharth Sogani, founder and CEO of CREBACO, believes: “I think it will take more than three years to qualify.

It makes India's capabilities, teens, high, work and investments in good business.

Further, Siddharth Sogan pointed out, “If well managed, India's path in the crypto industry is better than any other country in the world. "

The last time Treasurer Nirmala Sitharman postponed approval of Crypto, he said the requested policy was still waiting to be signed by the board and was in the process of being finalized.

Rameesh Kailasam, CEO of India's tech consultancy firm, said India will not be announcing a separate cryptocurrency bill at all.

In return, the government could change current policy to include new assets, but this could lead to a loss of control over XI funds and international transfers.

Assembly member Kailasam said, “If there is a separate law, it has to go through procedures such as establishment, Ministry of Justice approval, administration, meetings in the country. , consultation and agreement between the two parties, and approval of the president. Before creating an invoice, it must be approved.

You must make changes to all policies and procedures. So the best case scenario would be to start this question at a budget meeting. "