July 3rd the day bitcoin trader is waiting for. the result looks positive with Subash Chandra Garg, Secretary, Department of Economic commenting that they are preparing a draft which might be best for the country and investors in cryptocurrencies.
Garg stated that a draft is proposed and to be discussed with the committee members. This draft contains, in cryptocurrency world what should be banned .what should be preserved .
With that said, we must hope for a positive result like uplifting of rbi ban .But we must be prepared for every if situation, we may face problem regarding bank deposit and withdrawl if no positive result comes out.But according to the statement of Subhash Chandra Garg we may see a regulation draft by the end of july or mid.And if we are crypto trader for long term ther is not any issue to be panic of.As of now only there are various option for crypto buy and sell in fiat e.g local bitcoin ,excahnge facilitating p2p transaction . Blockchain is future.It will regulated sooner or later.
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