India Crypto Bill Waiting For Cabinet Approval – FM Sitharaman

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Highlights :

India’s finance minister Said she is awaiting an approval on the Cryptocurrency bill from the Cabinet.

The Bill reportedly suggests banning all private cryptocurrencies except the virtual currencies issued by the government.

Cabinet note is ready on Cryptocurrency bill. I am awaiting Cabinet to clear that – Finance minister Sitharaman.

RBI has major concerns on the crypto assets traded in the market and has reported the same to the government.

RBI Governor Shaktikanta Das Said there are no difference between the central bank of India(RBI) And the Finance Ministry on this Matter, we Should wait for the final decision on the matter from the centre.

While the Supreme Court of india in March allowed banks and financial institutions to allow their customers dealings in cryptocurrencies by setting aside RBI’s 2018 circular which did restricted them.