PM Modi chairs meet on cryptocurrency; Centre may table bill over regulation in Winter Session
India Today
The Centre is likely to rope in experts to draft regulations to ensure that unregulated markets such as cryptocurrency are not allowed to become avenues for "money laundering and terror financing".
In a clear indication that the Centre is on the verge of formulating a long-term digital currency strategy, Prime Minister Narendra Modi on Saturday chaired a comprehensive meeting on the way forward for cryptocurrency and related issues.
Top sources after the meeting said that the first regulatory measures the government could initiate after the PM’s review would be against two deficiencies that go with the popularity of cryptocurrencies -- over-promising and lack of transparency. This would involve putting legal curbs against misleading and non-transparent advertising.
