The Crypto Bill is one of a total of 26 bills that have been listed for introduction.
New Delhi:
A bill to regulate cryptocurrency will be introduced in Parliament during the winter session that begins on November 29. The Official Digital Currency Bill, the Cryptocurrency and Regulation of 2021, is one of a total of 26 bills that have been listed for introduction. This comes a week after the first parliamentary panel discussion on the broader framework of crypto finance, where a consensus was reached that cryptocurrency cannot be stopped but must be regulated.
Misleading advertisements in the media about the safety of investors’ money and the possibilities and risks of investing have long been a concern. The government has held several meetings with all stakeholders to discuss the regulation of digital currencies. Prime Minister Narendra Modi has also chaired a high level meeting with officials of various ministries and RBI on the issue.
,