India crypto bill may not be introduced in winter session; centre yet to finalize

December 16, 2021

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 might not be tabled in the Winter Session of the Parliament. According to sources, centre is looking at seeking wider consultation from the public and if CBDC to be introduced by RBI should be part of this bill or a separately under RBI act.
The government felt that any law around cryptocurrencies needs to be in synch with a global framework which is still evolving after discussing the matter at the highest levels, the report said, quoting an unnamed government official. The official further said any potential cryptocurrency framework should be formed after consulting all stakeholders amid an evolving global consensus on the matter.
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