A member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. His words and suggestions have given the crypto community hope.
Rajya Sabha MP Ready to Discuss Crypto
Indian Member of Parliament (MP) Rajeev Chandrasekhar has given the crypto community some advice in Tuesday’s episode of the Blockworks Group’s Untold Stories podcast. He discussed various crypto-related topics, ranging from the Indian government’s policies and the draft bill to ban cryptocurrencies to the banking restrictions by the central bank and the supreme court hearing. The MP is scheduled to meet with some members of the Indian crypto community next week.
Chandrasekhar is a member of Rajya Sabha, the upper house of the parliament of India, and the ruling party, Bharatiya Janata Party (BJP). He represents the state of Karnataka, of which Bengaluru is the capital.
BJP MP Rajeev Chandrasekhar
During the podcast, the MP was asked about the report and draft bill to ban cryptocurrencies, submitted by an interministerial committee headed by former Secretary of the Department of Economic Affairs Subhash Chandra Garg. The question came from Nischal Shetty, CEO of local crypto exchange Wazirx, who was a guest on the podcast. He informed the MP that this bill proposes a ban on cryptocurrencies in India without involving or consulting any industry experts. “Can we expect industry participation to make the report more positive,