Economic Affairs Secretary Mr. Subhash Chandra Garg who also heads the Inter-disciplinary committee in a talk with ET Now has confirmed that the Indian cryptocurrency template is almost ready.
The Inter-disciplinary committee is set to discuss this draft in the 1st week of July and is likely to wrap this up by mid-July. This certainly could have some implications on the upcoming hearing in the Supreme Court of India on 3rd and 20th July respectively.
Check out the clip for yourselves. The part relevant to us begins at 26 minutes into the video.
At the moment I'm trying to find out more about this from other vested parties in the Indian cryptocurrency ecosystem to learn more about their opinions on what Mr. Subhash has stated in the video.
It's not very clear where the government stands on this issue but I'm hopeful that the draft will clear crypto-trading and make it fully legal in the days to come.
Stay tuned for more updates as the situation unfolds.
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