Room for crypto in Budget 2022?
Currently, no legislation governs, regulates or prohibits dealing in cryptocurrencies in India. Therefore, it is not illegal to sell, purchase, deal or mine cryptocurrencies or set up a cryptocurrency exchange. However, considering the risks associated with investment in cryptocurrencies, there was speculation that a bill will be introduced in the Winter Session of Parliament to either ban or regulate cryptocurrencies. This didn't happen and it is now expected that the government may take up this bill in the Budget Session.
