News of a possible ban on cryptocurrency trading in India unsettled local and global communities. The publication Cointelegraph spoke to several industry representatives who questioned the speed with which a law might be enacted.<\/p>\n
CoinSwitch CEO Ashish Singhal stated<\/a> the list of bills for discussion in the current session of the Indian Parliament. The draft bill banning crypto trading was not among them.<\/p>\n Founder of Crebaco Research Siddharth Sogani does not see a reason for alarm. In his view, the bill will have a long road ahead. He described the latest reports as ‘clickbait’.<\/p>\n Founder of the WazirX exchange, Nischal Shetty, stated<\/a> that the document is still with the Ministry of Finance.<\/p>\n “It’s still too early for a crypto trading bill to be presented in Parliament,” says Shetty.<\/p>\n<\/blockquote>\n As Bloomberg, citing a source reported<\/a> that the draft law to ban crypto trading is under consideration by the Indian Council of Ministers.<\/p>\n MP Subramanian Swami said<\/a> that he knows nothing about plans to ban crypto trading. In his view, such a decision “would be madness”.<\/p>\n\n