Government to introduce Bill on cryptocurrency in winter session of Parliament : Rashtra News #Government #introduce #Bill #cryptocurrency #winter #session #Parliament So far the bill is not in public domain and no public consultations on the law have been held. The government will be moving 26 new legislations including “The Cryptocurrency and Regulation of Official
A report from Statista shows that the Indian cryptocurrency market is likely to touch $222.70 million by 2023 making it crystal clear that cryptocurrency is here to stay. Blockchain, and Web 3.0, the core technologies behind crypto have been already implemented across industries and are thought to be the foundation of the next big Metaverse trend.
The chairman of the House Financial Services Committee, Representative Patrick McHenry, plans to introduce a comprehensive bill that outlines clear rules for the cryptocurrency industry. Regulating crypto products has been a hot topic among Republicans and Democrats as the Securities and Exchange Commission argues that most major crypto products are securities and should be registered. While McHenry has taken the initiative to lead this regulatory effort, Democrats on the panel are still considering the measure, with top Democrat, Representative Maxine Waters, worried that crypto exchanges receiving provisional registration could allow bad actors.
Cryptocurrency is a digital currency that operates independently of a central bank. It is decentralized, secure, and transparent, making it increasingly