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Committee formed to look into cryptocurrency, may present legislative proposal based on recommendations: Anurag Thakur

Bill on cryptocurrency soon

Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur

Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur Thakur says existing laws are inadequate to deal with issue of digital currencies, which is why Centre has formed an inter-ministerial panel, and now bill is being finalised before it ll be sent to Cabinet BusinessToday.In | February 9, 2021 | Updated 16:22 IST Minister of State for Finance and Corporate Affairs Anurag Thakur Minister of State for Finance and Corporate Affairs Anurag Thakur on Tuesday said regulatory bodies like Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) don t have a legal framework to directly regulate cryptocurrencies as they are neither currencies nor securities or commodities issued by an identifiable user.

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