Skip to content

Tengruipharm

Just another WordPress site

  • npressfetimg-4827.png
    Top 7 content marketing trends to succeed in 2023 – Data Science Central Content marketing
  • npressfetimg-3211.png
    Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters Cryptocurrency
  • npressfetimg-14983.png
    Top 10 Ways to Live a Luxurious Lifestyle on a Budget – Luxury Travel Magazine Budget lifestyle
  • npressfetimg-19514.png
    What Are The Best 10 Jobs For Graphic Designers – Business Review Graphic design
  • npressfetimg-49827.png
    Shilpa Shetty Did What She Does Best. See Her Monday Motivation Post – NDTV.com Motivation
  • npressfetimg-38812.png
    Is the graphic designer who refuses to create websites for same-sex … – Art Newspaper Graphic design
  • npressfetimg-20535.png
    Who controls the penalty box? Behind-the-scenes Cleveland hockey statistician retiring after decades of servi – cleveland.com Retire
  • npressfetimg-41768.png
    Kenya’s growth was strongest in Africa’s VC market; clean tech, e-commerce pulled in most of the funding – TechCrunch E-commerce
npressfetimg-1470.png

Cryptocurrency Bill may not be introduced in Winter Session – Economic Times

Posted on December 15, 2021 By Cryptocurrency No Comments on Cryptocurrency Bill may not be introduced in Winter Session – Economic Times

The government is considering changes to the proposed cryptocurrency framework, a senior government official said. This means that it may not be introduced in the winter session of parliament as planned.

The issues being debated include the need for wider consultation and seeking comments from the public as well as whether the Central Bank Digital Currency (CBDC) to be introduced by the Reserve Bank of India needs to be a part of this bill or should be dealt with under the RBI Act.

“After several rounds of discussions at the highest levels, it was felt that any legislation surrounding cryptocurrency must be in tandem with a global framework which is still evolving. It might be a better strategy to wait and observe how this space evolves globally,” the official told ET. “Also, it was felt that the government could consider existing laws and regulations to ensure consumer protection and taxing cryptocurrency transactions in the meantime.”

Prime Minister Narendra Modi had on Friday called for united efforts to shape global norms for social media and cryptocurrencies to ensure they are used to “empower democracy and not to undermine” it at the Summit for Democracy hosted by US President Joe Biden.

Since cryptocurrency regulation is still evolving globally, Indian legislation must not be rushed but crafted with wide consultation, said the official cited above.

Regulation of CBDC

Policy makers are looking into whether the draft legislation should cover the CBDC.

“Since this is currency, it could possibly be regulated through the RBI Act,” the official said, explaining the thinking in the government.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been listed for the ongoing winter session of parliament. It had been listed for the last budget session as well but could not be introduced as the government decided to rework it.

As reported earlier, some highlights of the draft bill were said to include appointing the Securities and Exchange Board of India (Sebi) to oversee cryptocurrencies, as the government considers classifying these as financial assets. Another was giving crypto holders a deadline to declare their assets and meet any new rules. The bill is likely to use the term ‘cryptoassets’ instead of ‘cryptocurrencies’ and a 1.5-year jail term or a fine of Rs 20 crore for violation, ET had reported.

Source: https://economictimes.indiatimes.com/news/economy/policy/cryptocurrency-bill-may-not-be-introduced-in-winter-session/articleshow/88288077.cms

Cryptocurrency Tags:RSS Feeds

Post navigation

Previous Post: Even 6-figure earners are being shoved out of the housing market – MSN Money
Next Post: Cryptocurrency: Thoughts on the Market – Morgan Stanley

Related Posts

  • npressfetimg-21128.png
    Move over cryptocurrency, gold could have the last laugh this year – South China Morning Post Cryptocurrency
  • npressfetimg-28304.png
    U.S. to announce international cryptocurrency action -statement – Reuters.com Cryptocurrency
  • npressfetimg-6302.png
    After a year of collapses, cryptocurrency’s future in the balance – Roll Call Cryptocurrency
  • npressfetimg-15508.png
    Top-five most Googled cryptocurrencies worldwide in 2022 – Cointelegraph Cryptocurrency
  • npressfetimg-45650.png
    New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News – Bitcoin News Cryptocurrency
  • npressfetimg-22642.png
    Cryptocurrency is headed toward surviving its first ice age – Cointelegraph Cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • February 2023
  • January 2023
  • December 2022
  • January 2022
  • December 2021

Categories

  • Advertise online
  • Affiliate Marketing
  • Bad habits
  • Budget lifestyle
  • Celebrities
  • Content marketing
  • Cryptocurrency
  • E-commerce
  • Fashion clothing
  • Financial independence
  • Graphic design
  • Haircare
  • Healthy habits
  • Housing market
  • Investments
  • Makeup
  • Motivation
  • Nail stylist
  • Passive income
  • Personal finances
  • Personal style
  • Quit smoking
  • Retire
  • Self-development
  • Stock market
  • Stop drinking
  • Tattoos
  • Time management
  • Watches
  • Youtube Marketing

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • 4 side hustles for Gen Z that can bring in hundreds or even thousands of dollars a month – CNBC
  • Earn Passive Income With This Side Hustle That’s Perfect for Introverts – Yahoo Finance
  • Extreme Saving Method Speeds Up Early Retirement Option – AARP
  • Demystifying the Concept of Financial Independence Through Free Education – Daily Scanner
  • Americans prefer to cling to cash after shaken by stock market volatility – Yahoo Finance

Recent Comments

    • npressfetimg-30551.png
      Wristcheck wants to make used luxury watches more affordable – TechCrunch Watches
    • New Year’s resolutions can be about more than self-improvement – TribLIVE Self-development
    • npressfetimg-22221.png
      Here’s What a $1 Million Retirement Looks Like in America – The Wall Street Journal Retire
    • npressfetimg-5523.png
      Healthy eating on a budget – The Star Online Budget lifestyle
    • Phoenix Works aims to guide homeless to financial independence – Daily Independent Financial independence
    • npressfetimg-3887.png
      Homebuilder Lennar guards against ‘inventory overhang’ as housing market slowdown continues – Yahoo Finance Housing market
    • npressfetimg-28548.png
      Up from here? The free fall in housing market demand just concluded, says Capital Economics – Fortune Housing market
    • npressfetimg-20923.png
      Quit Smoking: 7 Ways For Women To Overcome Tobacco Craving – CrunchyTales.com Quit smoking

    Copyright © 2023 Tengruipharm.

    Powered by PressBook News WordPress theme