Cryptocurrency Ban-The Announcement you need to Know

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.

crypto-bill
crypto-bill

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.

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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