The much-awaited Indian cryptocurrency bill might not get tabled during the ongoing parliament session as promised by the government earlier, said a report published in Economic Times.
The cryptocurrency bill in question was expected to bring new regulations for the Indian crypto market, and going by the hype around it along with the positive comments made by Indian Finance, many believed Indians could not just introduce but also pass the bill. However, as per the latest reports, the crypto bill hasn’t been finalized.
The draft bill needs to get cabinet approval before being introduced for discussion in the parliament, and sources familiar with the matter said it hasn’t been finalized yet.
The proposed ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ is not on the agenda of Union Cabinet meeting scheduled on December 15, sources confirmed
The ongoing parliament session has also been cut short amid protests from the opposition and the suspension of a few members of parliament. The suspended MPs have been protesting over the passing of key bills within minutes and without any deliberate discussion.
