In previous months most of the people loses their hopes and thought that india will Ban cryptocurrencies .
But a recent statement from Secretary of Department of Economic Affairs - Mr. Subhash Chandra Garg Said that Indian govt. has been prepairing a draft to regulate crypto in some way .
Statement of Mr. Garg - We are fairly close to developing a kind of template which we think might be in the best interest of our country. We have prepared a draft which we intend to discuss with the committee members in the first week of July.
The petition filled by advocate Karuna singh kohli is accepted by supreme court and now the hearing will be on 3rd july instead of 6 july .
This type of news has created positivity in market for cryptocurrencies and effect of this we all can see in Bitcoin that has touched around 5800 - 5900 $ but after coming of this news Now Btc recovering and price is around 6200 $
For indian crypto lovers its a miracle done by govt.
At last i will say that its great step taken by indian govt. to regulate crypto currencies . This will helpful to government also as it makes a digital economy and also through blockchain technology everything will become transparent
