The government will come out with a frame-work to regulate cryptocurrency as we see many individuals are investing to gain more profit.
He said in his statement "We hope that within this year, committee would finalize its recommendations and then it would require legal changes, regulatory assignments by end of fiscal year - Subhash Chandra Garg (Secetary department of economics affair)
On a budget day, Indian media has hyped banning of cryptocurrency - Its same statement said by Indian finance minister regarding illicit uses of cryptos.
Even system needs to understand using blockchain technology & using cryptos can be better. They should think how we can take advantage of new technology and betterment of soceity.