Hello Steemit Family
Yes my friend you read it right. A senior official from the india's Ministry of Finance reportedly said that the indian government is expected to issue a proper detailed guidelines on crypto currency. A official news has come out that he indian government finished drafting the regulatory framework for cryptocurrencies.
An unnamed senior official from the Ministry of Finance shared the hottest news that The draft on crypto currency is ready and consultation is on with all the stakeholder. They are expecting that the draft will be fully ready by September.
Now the main thing is how indian government will regulate the crypto currency. The unnamed senior official said that crypto currency is a new phenomenon, and all countries are facing problems with it. On the other hand he mentioned that indian government is not against the crypto currency. They are not even thinking about banning it.
According to the news crypto currency will be regulate as a commodity. Like gold etc.
So this is the news we all are waiting from years. Now its has arrived. What's your thoughts on this. Do you think that bitcoin and other crypto currency's price will jump immediately after the regulation happen in india . Share your thoughts below.
Thanks Dhanjyoti Kalita