Cryptocurrency: Government to introduce bill in winter session of Parliament

New Delhi: 26 bills have been listed for the winter session of Parliament, including a bill repealing three agricultural laws and a cryptocurrency bill. This has been reported in the Bulletin of the Lok Sabha Secretariat.  According to the information received, the cryptocurrency and official Digital Currency Regulation Bill, 2021 is listed in the list of bills to be introduced in the Lower House amidst the winter session of Parliament. The Bill talks about creating an enabling framework for creation of official digital currency issued by the RBI.

The proposed Bill also speaks about banning all types of private cryptocurrencies in India. However, there are some exceptions to this so as to encourage the technology and use of cryptocurrencies. There is no restriction or regulation on the use of cryptocurrencies in India. Against this backdrop, PM Narendra Modi had held a meeting with senior officials on cryptocurrency this month and indicated that strict regulation measures could be taken to deal with the issue.

Winter Session of Parliament to begin from November 29: The National Anti-Doping Bill, 2021, the Human Trafficking (Prevention, Protection and Rehabilitation) Bill, 2021, the Electricity Amendment Bill, 2021, the Emigration Bill, 2021 are listed for introduction during the session. The Winter Session of Parliament is scheduled to begin on November 29 and is likely to end on December 23. According to a statement by the Lok Sabha and Rajya Sabha Secretariat, The 7th Session of the 17th Lok Sabha will begin on November 29, 2021. Subject to the urgency of government business, the session is likely to end on December 23, 2021.

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