The Indian government is reportedly “considering the blocking of internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening.

Indian Finance Minister Nirmala Sitharaman recently said that the cabinet note regarding cryptocurrency legislation is being finalized and will be soon submitted to the cabinet. A bill entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” is listed for consideration in the current parliamentary session.

The Indian government has attempted to block the IP addresses of adult sites and hundreds of Chinese applications before, the publication conveyed, noting that people were still able to access the sites through virtual private networks (VPNs),

Sisanda Mpiti.