Connect with us

Crypto development

Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’

Avatar

Published

on

The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries.

Indian Government’s Confirmation

The government of India has been sitting on a cryptocurrency draft bill since it was submitted to the finance ministry early last year. Entitled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019,” the document was drafted by an inter-ministerial committee headed by former Finance and Department of Economic Affairs (DEA) Secretary Subhash Chandra Garg.

While no formal announcement regarding the …

Read More

Continue Reading

Latest

Companies

%d bloggers like this: