“The crypto bill may not be introduced in the Budget session. It is a complex subject. This will require more time.” cryptocurrency bitcoin
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto.The Indian government may not introduce a cryptocurrency bill in the upcoming session of Parliament, the Economic Times reported Wednesday.
The crypto bill may not be introduced in the budget session. It is a complex subject. This will require more time. The official further explained to the news outlet that the government wants to wait for technical inputs from the central bank, the Reserve Bank of India , after the pilot launch of its central bank digital currency , the digital rupee. The pilot launch is expected to take place in the coming months.