Raining On India's Crypto Parade?

Cryptocurrency Bill

- M.G. Arun

With millions of Indians already invested in cryptocurrencies and possibly as many trying to assess its scope and risks before taking the plunge, there is a lot of interest in the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, slated for discussion in the ongoing winter session of Parliament. The Bill is expected to include accountability and transparency standards for crypto-trading exchanges, with many hoping the digital tokens will be treated as assets like equities or real estate.