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FinMin circulates Cabinet note on cryptos, likely to be considered for decision soon
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cnbctv18.comCNBC-TV18 has learnt that the Finance Ministry has circulated a Cabinet note on cryptocurrencies, which is likely to be considered for a decision soon.This particular bill is slated for a discussion and a passage in the upcoming winter session and government’s view is very clear that any currency not floated by Reserve Bank of India (RBI) cannot be a legal tender.Also Read:Explained: RBI’s concerns and systemic problems on cryptocurrenciesGovernment’s view is also aligned with the Financial Action Task Force (FATF) view that anonymity with respect to virtual currencies makes them vulnerable to illegal activities.Also, the bill will have a regulation with a provision to recognize virtual currencies that are issued by various governments and
. Read more on cnbctv18.comAbout this in other media
Govt likely to give crypto holders a deadline to declare assets: Report business-standard.com /2 years ago
No plans to boost cryptocurrency sector in India, FinMin tells Lok Sabha business-standard.com /2 years ago
Cabinet may discuss Crypto Bill this week economictimes.indiatimes.com /2 years ago
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