The cryptocurrency bill will not be introduced in the winter session of Parliament, government sources told CNBC-TV18 on Monday. The government is gathering feedback on international regulations for the cryptocurrency sector, people in the know said.“The government wants to see how global standards on cryptocurrencies evolve in the EU and other jurisdictions,” the sources said.
Meanwhile, the government and Reserve Bank of India (RBI) are consulting the Bank for International Settlement (BIS) about the evolving cryptocurrency framework.The development comes almost a month after the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, was listed in the government's legislative business of the winter session. The bill seeks
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