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FM says Crypto Bill will be introduced in Parliament after Cabinet nod
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Finance Minister Nirmala Sitharaman on Tuesday clarified in Rajya Sabha that the government is not considering a ban on cryptocurrency advertisements and that a bill will be introduced in Parliament after Cabinet approval.
"This is a risky area and not in a complete regulatory framework. We are not considering a ban on the advertisements, but we've been taking steps to caution the public through RBI and SEBI. The guidelines of the Advertising Standards Council of India are being studied and the regulations that they have are being looked into, so that we can take a decision on how to handle it, if necessary," said Sitharaman.
Government will soon introduce a Bill related to cryptocurrencies once the Cabinet clears it, she added.
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