The latest episode in India's long-term path to formalising its national crypto-economy, Radhakrishnan, said the lack of a "globally acceptable solution" meant that legislators probably would not have passed laws. Formally short-term.
Speaking in under the house of parliament, Lok Sabha, December 28, said:
"In the absence of a globally acceptable solution and the need to create a technically feasible solution, the department conducts this issue with the necessary caution. It is difficult to set a clear timetable for delivering clear recommendations."
So far neither the central bank nor the government has been prompted by a consumer shock, the government panel earlier this month suggesting that it is still considering a partially illegal cryptocurrency.
Nonetheless, the same week, the same panel pointed out that they would strive for the Criminalization Sector Decree.
It is currently legally owned by a Crypto-Currency in India, but some parties have publicly announced since October that they believe such property is illegal.