Govt to introduce bill on cryptocurrency after Cabinet clears it: Sitharaman

Prameyanews English

Published By : Prameya News Bureau | November 30, 2021 IST

New Delhi, Nov 30: The government will soon introduce the new Crypto Bill in Parliament after Cabinet approval, Union Finance Minister Nirmala Sitharaman said on November 30. This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI and SEBI. The government will soon introduce a bill once the Cabinet clears it, the Finance Minister replied to a question during Question Hour in Rajya Sabha. The risk that cryptocurrencies can lead to undesirable activities is also being closely monitored, the Minister added. Sitharaman also said that regulation of NFTs (non-fungible token) is also being discussed by the Centre.

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