The Supreme Court of India had given the government the deadline of March 29 for coming up with a satisfactory crypto regulation.

As of now, there is a ban by the Central bank on banking transactions involving cryptocurrencies in India.

The crypto community is hoping for a positive crypto regulation along with the end of the ongoing ban on cryptocurrency investments in the country.

At its last hearing in the case on February 25, the court had given the government a deadline of four weeks to come up with a definite cryptocurrency regulation framework.

Jaideep Reddy, who is representing the petitioner in this case, said that the next hearing date for the case is set on March 29, but it may be changed for a later date.

In any case, the government is likely to present the first draft of the regulatory framework for crypto trading in India, which is being prepared by a committee under the supervision of the Finance Ministry Secretary Subhash Chandra Garg.