Nirmala Sitharaman announced that the government will introduce the revised Crypto Bill in Parliament after Cabinet clearance


Posted on 30 November 2021


For Illustration Purpose Only.

Union Finance Minister Nirmala Sitharaman announced on November 30 that the government will introduce the revised Crypto Bill in Parliament after Cabinet clearance. The Finance Minister also stated that the Centre is considering regulating non-fungible tokens (NFTs). The Finance Minister remarked during Question Hour in the Rajya Sabha, "We are close to bringing a bill in parliament.. It will be introduced in the house once the cabinet clears the bill." According to Sitharaman, the new Bill is the result of rewriting an older bill that was unable to be submitted in earlier sessions of Parliament. She also stated that the risk of cryptocurrency leading to illicit conduct is being continuously monitored.


Key Points

  • Union Finance Minister Nirmala Sitharaman announced on November 30 that the government will introduce the revised Crypto Bill in Parliament after Cabinet clearance.

  • She also stated that the risk of cryptocurrency leading to illicit conduct is being continuously monitored.