1 August 2026
Indian Cryptocurrency Bill Likely To Get Delayed
According to the Economic Times report, the proposed Indian Cryptocurrency bill might not be put forward during the ongoing parliament session.
The new Cryptocurrency bill is expected to introduce regulations for the Cryptocurrency market. The Finance minister of India, Nirmala Sitharaman, also made positive comments on Crypto, and many believed that the government might pass the bill. However, the recent reports show that the Crypto bill is still not finalized.
The proposed bill needs the approval of the Cabinet before being tabled for discussion in the parliament. The sources claimed that cabinet approval is still pending.
“The proposed ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ is not on the agenda of Union Cabinet meeting scheduled on December 15, sources confirmed.”
Also, the ongoing parliament session will be shortened due to protests from the opposition and the suspension of a few parliament members.The suspended Ministers are protesting over the passing of important bills within minutes without any proper discussion.
The bill is getting delayed again, and the Indian Crypto community has to wait for a few months. Although, discussion around the bill and assurance from the finance minister would give Crypto enthusiasts some hope.
The co-founder & CEO of GripInvest, Nikhil Aggarwal said “Apart from SEBI’s intent to protect the retail investor from an investment class that has been very speculative, often at the mercy of tweets, there have been recent reports of hacking, concerns around money laundering, and a lack of clarity on taxation and accounting. We appreciate the government’s timely involvement to build supportive regulations especially as the volume of trading being witnessed on cryptocurrencies has reached significant levels,”.
Currently, the government has no intention to put a blanket ban on Cryptocurrency, and Crypto exchanges are self-regulating for quite some time now. However, the India Crypto platforms can freely carry out their businesses without fear of intervention from RBI or any government entities.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice
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