LM NEWS 24
LM NEWS 24

Govt Will Introduce Bill On Cryptocurrency After Cabinet Clears It: Sitharaman

The government will soon introduce a bill on cryptocurrency after the Cabinet’s approval, said Finance Minister Nirmala Sitharaman on Tuesday.

“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,” Sitharaman replied during Question Hour in Rajya Sabha when Bihar’s BJP MP Sushil Kumar Modi asked if the government is planning to ban “misleading advertisements” till a bill comes up.
The BJP leader said, “Last time also it was mentioned in the bulletin but the bill on cryptocurrency could not come into the house.”

The ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ is among 26 new bills on the agenda of the government for the winter session of the Parliament.

The Bill seeks to “create a facilitative framework for the creation of the official digital currency to be issued by the RBI”. It also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses. (ANI)

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.
  • PHPSESSID

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
0
Would love your thoughts, please comment.x
()
x