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Crypto Bill: More Changes Likely, Government May Consider Executive Order
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ndtv.comThe size of crypto assets in India is about Rs 45,000 crore.
New Delhi: The Cryptocurrency Bill will not be presented before the Cabinet on Wednesday, sources told NDTV. The government didn't want to rush with the Bill, they added.
The Centre has apparently asked for crypto regulations in tandem with the global framework, they further stated.
Sources, familiar with the matter, also mentioned that more changes could be expected in the Bill and the Centre might consider ordinance route post the Winter Session of Parliament.
Prior to this, NDTV reported that the Crypto Asset Bill proposes to prohibit usage of crypto asset as currency substitutes or as payment systems for remittances.
It also proposes to establish a facilitative framework for
Read more on ndtv.comAbout this in other media
Crypto Bill Deferred, No Cabinet Approval Yet: Report ndtv.com /3 years ago
India: Delay in crypto-bill expected, but why are DeFi, NFT players worried ambcrypto.com /3 years ago
Crypto Bill may not be introduced in Winter Session economictimes.indiatimes.com /3 years ago
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