Government officials may be planning to introduce the law potentially banning crypto “within a month” of the ordinance clearing.
The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country.
According to a report from news outlet CNBC-TV18, the Indian government may take the “ordinance route” to ban the use of private cryptocurrencies in the country as well as create a regulatory framework for a digital rupee issued by the Reserve Bank of India.