The Parliament committee has asked the government to investigate the feasibility of a crypto currency ban. That is what the ministry has been tasked with. If the government (or Parliament) decides to propose new legislation based on this investigation, a public hearing will be part of the process. That is how legislative processes work. However, what I fear, is that they will try to find ways to implement a ban based on existing legislation, and thereby bypass the thorough legislative process.
This is what we see right now. And we got responses that “no plans to conduct public consultations”. Public hearing with just presenting reports doesn't equal to public consultations, which has to impact on the report presented in that public hearing.
That just sounds strange, because industries or others that will be affected by regulations are always consulted. This whole process seems odd.
That is correct. That is why we believe, public consultations should happen before government will introduce its report.
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