Cryptocurrency Bill 2021
Announcement on Cryptocurrency-Parliament
Until recently, there has been both good and bad gossip about the Crypto Bill.
In India, the crypto business is expecting favorable legislation that would allow for limited investment and trade in crypto assets.
During the current Winter Session, the government will propose the long-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament.
On November 30, 2021, during Question Hour in the Rajya Sabha, FM Nirmala Sitharaman said that the government would shortly present a bill on cryptocurrency.
This is a risky area & not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI&SEBI. Govt will soon introduce a Bill: FM Nirmala Sitharaman on Cryptocurrency during Question Hour in Rajya Sabha pic.twitter.com/WwopPdBQHg— ANI (@ANI) November 30, 2021
Cryptocurrency Law 2021: Following Cabinet approval, a new crypto bill will be tabled in Parliament.
The Cryptocurrency and Official Digital Currency Regulation Bill 2021 has been introduced in Parliament. In India, the crypto business is expecting favourable legislation that would allow for limited investment and trade in crypto assets.
Bill 2021 in Parliament on Cryptocurrency and Official Digital Currency (Updates):
During the current Winter Session, the government will propose the long-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament. The bill might be presented within the next few days. It is not on the Lok Sabha’s updated ‘List of Business’ for November 30, 2021.
Meanwhile, Finance Minister Nirmala Sitharaman stated in the Rajya Sabha on Tuesday (November 30) that a new crypto law would be submitted in the House following Cabinet clearance.
The crypto sector is looking for good legislation that will allow investors and traders to invest and trade in cryptocurrency with certain limitations.
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