Blockchain & crypto news from India
TV Somanathan, Finance Ministry Secretary said that the government policy vis-à-vis blockchain has nothing to with its policy towards virtual digital assets (VDAs) or cryptocurrency. He added that there should not be any worry regarding the use of blockchain in areas apart from currencies or payments. At an event, he said that Government’s policy towards…
The Government of India was criticized severely to introduce new laws for crypto during the Parliament’s Winter Session which started on November 29. The session has concluded and the crypto bill didn’t make it to the table. This is the second time that ‘The Crypto and Regulation of Official Digital Currency Bill, 2021’ was listed…
The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…
A city lawyer has filed a PIL (public interest litigation) for a legal framework and laws to be put in place to regulate the utilization of crypto in India. The PIL before Bombay HC call attention to the unregulated business of crypto and seeks direction to the Ministry of Finance, Centre, Reserve Bank of India,…
The Centre has listed 23 bills to be presented in the Lok Sabha during the forthcoming Monsoon Session that starts July 19 in the Parliament. As per the tentative list of government legislative and financial business, out of 23, 6 bills have already been tabled whereas 17 will be new. However, the much-anticipated Cryptocurrency Bill…