The Centre is all set to introduce a key bill on cryptocurrencies in the upcoming Winter Session of Parliament. As per the description of the bill, it seeks to bar all private cryptocurrencies, while defining India's official digital currency. This is the description of the earlier draft bill that was brought a couple of parliament sessions ago. Since then, the market was made to believe that the government may not bring in a blanket ban, contrary to the description of the draft legislation. While a law for cryptocurrencies and blockchain technology is much awaited, the bill listing has led to some initial panic and confusion. Will lawmakers clamp down on crypto assets? Priyanka Chaturvedi, Member of Parliament, Rajya Sabha weighs in on the crypto conundrum exclusively on the India Development Debate. Tune in!
