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Govt may introduce bill on cryptocurrencies in Parliament winter session
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business-standard.comThe government is likely to introduce a bill on crypto currencies during the winter session of Parliament beginning November 29, amid concerns over such currencies being allegedly used for luring investors with misleading claims and for funding terror activities, sources said on Monday.
Currently, there are no particular regulations or any ban on use of crypto currencies in the country. Against this backdrop, Prime Minister Narendra Modi, on Saturday, held a meeting on the crypto currencies with senior officials and indications are that strong regulatory steps could be taken to deal with the issue.
The sources said the proposed bill would focus on investor protection as crypto currencies come under a complex asset class category.
Once
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