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Centre to introduce new crypto bill in Parliament after Cabinet nod: FM Sitharaman
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Union Finance Minister Nirmala Sitharaman on Tuesday said the Centre will introduce a bill on cryptocurrencies in the Parliament after Cabinet's approval. The current bill is a new bill on crypto, which will be presented in the Parliament after the Cabinet nod, Sitharaman said.
Answering a question relating to cryptocurrencies in Rajya Sabha, FM Sitharaman said, "This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advisements. Steps are taken to create awareness through RBI and SEBI. The government will soon introduce a Bill."
The Finance Minister also said that there is no decision to stop advertisements of digital currencies. She added that there were extensive discussions on the
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