Crypto Bill Deferred, No Cabinet Approval Yet: Report
ndtv.comThe Cryptocurrency Bill proposes to ban all private cryptocurrencies in India and facilitate regulation.
New Delhi: The much-awaited Cryptocurrency Bill is unlikely to be presented in the ongoing winter session of Parliament as the Centre is yet to finalize details of the legislation, news agency Bloomberg reported citing people familiar with the development. Prime Minister Narendra Modi's cabinet wants wider consultations on the matter before finalizing the rules to govern digital currencies and there isn't enough time as the current session ends December 23, the report added.
Last week, NDTV also reported that the Bill might not be brought into Parliament in this session, signalling that the government doesn't want to rush on the law.
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