Law Commission of India is an advisory body to the Ministry of Law & Justice by the Government of India. The commission works upon a specific topic for research and conclusion. These research and conclusion submit to the Government of India. Justice B.S Chauhan is the chairman of 21st Law commission of India and its 276th Report is "Legal Framework: Gambling and Sport Betting including Cricket in India".
In these Report include crypto currencies Role and how to dealt with. Justice Mukul Mudgal is appointed by The Supreme Court of India for enquire into the allegations of match fixing and betting. Justice Mukul Mudgal says that if we legal betting in india then we would reduce involvement of black money.
Law Commission of India says that cryptocurency is other electronic payment like Credit Cards, Debit Cards and Net banking. PAN Card and Aadhar Card use for the trasaction to legalized gambling and betting through the licensed agency. when gambling and betting are done with the help of electronic payment, all records are save for the taxaciton and found any fraud then took legalize action.
In India good news for the cyrpto community, Law Commission of India is treat cryptocurrency like credit cards, debit cards and net banking,