Indian parliament adjusts crypto training courses, skips ban –

As cryptocurrencies become an unprecedented part of the global financial landscape, the Indian government is starting to show interest in crypto exploration.In the latest development, underlining the announcement of the agenda of the lower house of parliament, the Lok Sabha includes emission Crypto training courses and the economic impact of the decentralized industry on the country’s finances. The government’s proposed efforts are likely to strengthen the country’s crypto industry, making it a mainstream investment option for users.

A training session for lawmakers is planned on Wednesday to discuss the Crypto trading and its impact on India’s core economic infrastructure. The publication also revealed that the Lok Sabha’s legislative business calendar does not include a bill that could ban the use of cryptocurrencies in the state. The official digital currency bill’s cryptocurrency and regulation bill is unlikely to find a place in one of the 15 bills that the authorities will consider at the next budget meeting. The controversial bill proposes to ban all private cryptocurrencies in India, except those aimed at promoting crypto-based technology and its use. The speculation caused a lot of confusion among investors and disappointed them.

The high-profile regulation has repeatedly been a hot topic on the parliamentary agenda. It picked up pace after India’s Supreme Court struck down the RBI’s earlier 2020 cryptocurrency ban. The Central Bank of India is also looking forward to launching trials of a central bank digital currency project in the country. The digital rupee will help India join the list of CBDC working countries including China and the US.

The local media platform revealed a list of proposals made by Indian lawmakers in recent reports. Lawmakers have proposed a variety of legislative solutions to deal with the crypto industry. While some have suggested that projects should not be allowed to operate legally in the country, others have hinted at a different tax structure for crypto income. In early October, Treasury Department officials considered implementing a legal framework that would treat cryptocurrencies as commodities rather than money. The budget meeting began on Monday and is expected to run through May.