Govt to introduce new crypto bill in Parliament after Cabinet approval
The government will introduce a new crypto bill in Parliament after Cabinet approval, FM Nirmala Sitharaman said on November 30. She said that regulation of NFTs is also being discussed by the Centre.
Speaking in Rajya Sabha, the finance minister said, "We are close to bringing a bill in parliament.. It will be introduced in the house once cabinet clears the bill."
She said that the risk that cryptocurrencies can lead to undesirable activities is also being closely monitored.
FM also said that the government has not taken a call on banning advertisements by cryptocurrency exchanges.
On taxes collected on crypto trades, Sitharaman said, "Don't have ready information about the amount of tax collected on cryptocurrencies."
Sithraman had on November
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