Committee Decides the Fate of Bitcoin in India

"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 Finance Ministry representative also noted that the committee has made a lot of progress in regards to determining “what part of business should be banned, what should be preserved, and what not.” In his words, the lower detail work has already happened. “We should be in the position to wrap this up in the first fortnight of July,” he elaborated.