Govt may not introduce cryptocurrency bill in ongoing Parliament session

Amid calls for more debate, Parliament's Winter Session, ending on December 23, is unlikely to take up the widely watched legislation.

A Union Cabinet meeting on Wednesday is unlikely to discuss a Bill regulating cryptocurrencies, Business Standard learns, meaning that Parliament’s Winter Session ending on December 23 is unlikely to take up the legislation.

The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in session. While the written listing had said that the Bill would prohibit all private cryptocurrencies in India, it was later clarified that the descriptor had been carried over from the listing of the previous Budget Session of Parliament.

The Bill had not been introduced then and was not