India’s Finance Minister – Crypto Bill Ready for Cabinet

Here’s the latest on the status of cryptocurrency in India with an updated cryptocurrency bill

India’s Finance Minister Says Crypto Bill Ready for Cabinet

“Indian Finance Minister Nirmala Sitharaman has provided a status update on the country’s cryptocurrency bill in an interview with Businessline published last week.

Sitharaman was asked about the status of ‘the Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ and when it is likely to be passed. The Indian minister of finance replied:

‘We have done a lot of work on it. We have taken stakeholders’ inputs. The Cabinet note is ready. We have to see when the Cabinet can take it up and consider it so that then we can move it.

From our side, I think one or two indications that I have given is that at least for fintech, experiment and pilot projects a window will be available. The Cabinet will have to take a decision,’ she clarified.”


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