In Brief:
- As per reports, the Cryptocurrency bill is not on Cabinet Agenda today, as the government is still working on finalising the bill.
- The report suggested that the bill is still being studied as it still has a lot of issues.
- The winter session of the Indian Parliament ends on December 23.
When it comes to the much-awaited Cryptocurrency bill, the Indian Cabinet is still pondering over the philosophical dilemma, ‘To be or not to be’.
As a report suggests, The Cryptocurrency bill is not on Cabinet Agenda today since the government is still working on finalising the bill.
It is worth noting that the winter session of the Indian Parliament ends on December 23.
This ‘work in progress’ state can be attributed to the fact that only one meeting of the ‘Crypto Standing Committee’ has taken place until now. The bill still has a lot of issues and it needs to be studied more meticulously, as indicated by the report.
The ‘Great Indian Crypto saga’ has been going on for quite a long time now. This has been the case since the government’s budget session early this year. In June, the government had also considered bringing the crypto ban bill under review.
While the speculation around crypto is leaving many Indians on the edge of their seat, it is certainly not deterring them from investing huge bucks therein. For instance, Indians have apparently invested as much as $40 billion of dollars in the crypto industry.
All in all, can we even expect the crypto verdict to be shelved until next time?
