NDTV EXCLUSIVE
Cabinet Note On New #Crypto Bill
1. Change in name of legislation from #cryptocurrency to Crypto Assets
Cabinet Note On New #Crypto Bill
1. Change in name of legislation from #cryptocurrency to Crypto Assets
2. All private #cryptocurrency to be REGULATED not banned
3. Govt does not want #Crypto to go into the dark net, MIDDLE PATH followed
4. #Crypto in India to be regulated by SEBI
5. #cryptocurrency will NOT be regulated at legal tender
6. RBI digital currency NOT clubbed with the new #crypto bill
7. Cut off date will be prescribed for those with #crypto assets to declare and bring it under regulation
8. Penalties ranging 5-20cr and criminal imprisonment upto 1.5hrs for those found in violation of the new #crypto regulations
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