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Parliamentary Committee To Meet Top Stakeholders of Crypto Industry Today

According to reports, in the winter session of Parliament, the central government is preparing to bring a new bill related to cryptocurrency.

Parliamentary Committee To Meet Top Stakeholders of Crypto Industry Today

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  15 Nov 2021 7:36 AM GMT

New Delhi: In a bid to discuss all important issues related to Cryptocurrencies, the Parliamentary Standing Committee on Finance on Monday called top stakeholders of the crypto industry for a meeting.

Last week Prime Minister Narendra Modi had an important meeting on this.

According to government sources, the cryptocurrency is a technology that is constantly evolving and in order to monitor it is important to frame rules related to it. The government will continue to interact with experts and other stakeholders because this matter is above the boundaries of countries, so global partnership and common strategy will also be made.

According to reports, in the winter session of Parliament, the central government is preparing to bring a new bill related to cryptocurrency.

Parliament's Standing Committee on Finance will discuss this at 3 pm.

According to a report by BrokerChooser, in our country more than 10 crore people have cryptocurrency which is the highest in the world. With this figure, India has left America, China, England and other countries of Europe far behind. 7.3 percent of India's population has crypto holdings.

Notably, all the money-related i.e. currency and banking products in India are regulated by Reserve Bank of India (RBI), while investment assets such as equity and commodities are looked after by Security Exchange of India (SEBI).

The banker's bank, RBI too has been speaking about cryptocurrencies for a long time and its Governor Shaktikanta Das earlier, had said that there are some legitimate concerns regarding cryptocurrencies which have been placed before the government.

Reportedly, China has recently banned cryptocurrencies completely, while many countries are mulling to ban it. On the other hand, the government is also taking into account the example of countries, where cryptocurrency has been brought under a regulation.

Also read:Paytm's 350 Employees Are Set Become Millionaires: Reports

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