Prime Minister will take a final call over crypto billAuthor: Yuvi December 11, 2021
Prime minister Narendra Modi will take a final decision on country’s proposed regulatory framework for cryptocurrencies, as conflicting viewpoints among stakeholders emerge. The sources reported that a high-level meeting was held on Thursday to consider all the options on the table, which at the moment include a total ban on private cryptocurrencies, a partial ban, allowing all categories of crypto products with regulation, or just few products with regulation.
These discussions are likely to continue on Friday before a final decision for this is taken. Indian finance ministry has finalised a draft note on this proposed bill, although some members of government have emphasised the need for more detailed discussions.
“PM will now take a final call on these,” the sources says.