Hope for crypto players as Finance Minister gives positive news on upcoming regulations – Blog

BENGALURU: Crypto players have something to cheer about as Finance Minister Nirmala Sitharaman on Tuesday said there were extensive discussions on the regulation of cryptocurrencies and that the government is working on a new Crypto Bill.

“These are all steps in the right direction as we continue to build a prosperous crypto ecosystem for users to transact safely,” said Ashish Singhal, Founder, and CEO of CoinSwitch Kuber. Ashish is also the Co-Chair of the Blockchain and Crypto Assets Council (BACC), part of the Internet and Mobile Association of India (IAMAI).