Modi govt to take big step on 'Cryptocurrency'

New Delhi: The Modi government is in action over cryptocurrencies. A meeting on the issue was held on November 13 under the leadership of PM Narendra Modi himself. The meeting followed a joint consultation process of the Reserve Bank, the Ministry of Finance and the Ministry of Home Affairs in which the Ministries consulted experts from all countries and around the world on cryptocurrencies.

The government has now created a mood to take a big decision on the issue. According to the report, the Central Government is preparing to introduce a comprehensive bill on cryptocurrencies, which may be introduced in the winter session of Parliament. According to a report received, the Standing Committee on Finance on Cryptocurrencies is scheduled to hold its next meeting on November 15. In which all aspects of it will be considered.

In fact, the RBI has already placed its stand before the government on cryptocurrency. The central bank on Friday clarified its position on digital assets, saying they have serious concerns about it. RBI Governor Shaktikanta Das says the RBI's situation on the virtual currency has not changed. We have major concerns about cryptocurrencies, which we have told the government. He said investors also need to be extremely cautious about digital currency.

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