Indian Government Needs More Time to Finalize Crypto Bill
📣 #Indian 🇮🇳 Government Needs More Time to Finalize #CryptoBill
👉 A #cryptocurrency bill was listed to be considered in the winter session of parliament, but was not taken up. The government is now reportedly reworking the bill.
👉 A senior #financeministry official said that the #government wants to hold more discussions and build consensus on the regulatory framework for cryptocurrency.
👉 The official further explained to the news outlet that the government wants to wait for technical inputs from the central bank, the Reserve Bank of India (#RBI), after the pilot launch of its Central Bank Digital Currency (#CBDC) the digital rupee.
👉 Earlier this week, Indian Prime Minister #NarendraModi called for a global collaboration to tackle the challenges brought by cryptocurrency.
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