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New Crypto Bill: Private Cryptocurrency To Be Regulated, Not Banned; Crypto Not Legal Currency In India: 5 Points
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RBI will regulate issues related to cryptocurrency
The note suggests that Cryptocurrency is not recognised as legal currency in the country. The legislation also describes Cryptocurrency as Cryptoasset, according to the Cabinet note.
Cryptoassets will be dealt with the existing crypto exchange platforms which will be regulated by the Securities and Exchange Board of India (SEBI). A cut-off date will be prescribed for those having cryptoassets to declare and bring under the crypto exchange
Read more on ndtv.comAbout this in other media
Crypto Bill may not be introduced in Winter Session economictimes.indiatimes.com /3 years ago
Crypto Bill: More Changes Likely, Government May Consider Executive Order ndtv.com /3 years ago
Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchanges economictimes.indiatimes.com /3 years ago
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