The Indian government may continue to study a bill that could ban certain cryptocurrencies in the country, but it is unlikely that lawmakers will vote on any legislation in the current parliamentary session.
According to a post on Friday, the lower house of the Indian parliament, Lok Sabha, is likely not to study a bill proposing a ban on “all private cryptocurrencies” before its winter session ends on Thursday. The bill on cryptocurrencies and the regulation of the official digital currency does not appear as one of the seven bills on the government body’s agenda in the final days of its 2021 session.
A November 23 bulletin for the Lok Sabha claimed that Indian lawmakers could vote on legislation creating “an enabling framework for the creation of the official digital currency” issued by the country’s central bank, the Reserve Bank of India. Furthermore, the bill proposed to ban certain cryptocurrencies. The same bill has previously appeared on Parliament’s agenda, but has not resulted in a vote addressing the regulatory framework or legal status of digital assets.
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