Cryptocurrency Bill India 2021: New crypto bill to be introduced in Parliament after Cabinet approval
Crypto industry in India awaiting a positive regulation that may allow investing and trading in crypto assets with certain restrictions.he Government will introduce the much-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament during the ongoing Winter Session. The Bill may be introduced in the coming days. It is not on the revised ‘List of Business’ of the Lok Sabha for November 30, 2021. Meanwhile, Finance Minister Nirmala Sitharaman on Tuesday (November 30) said in Rajya Sabha that a new crypto bill will be introduced in the House after approval from the Cabinet.
The Crypto industry is awaiting a positive regulation that may permit investing and trading in crypto with certain restrictions. The buzz around the Crypto Bill till now has been both positive and negative. The Crypto Bill is one of the many items on the list of bills to be introduced in Parliament during the Winter Session. Last week, confusion and panic gripped the crypto market in India as the wordings of the description of cryptocurrency bill on the list was the same as last year. It repeated the Govt’s intention to ban private cryptocurrencies. However, opinions are divided till now as to what the government means by using the term private cryptocurrency. For full clarity, we will have to wait till Cryptocurrency Bill 2021 comes into the public domain.