Centre’s proposed cryptocurrency ‘regulation’ may shift investors to equity

The Centre’s proposed Bill on cryptocurrency regulation is expected to shift a sizable number of investors to equity markets, analysts said.

During the winter session of Parliament starting Monday, the Centre aims to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which reportedly seeks a ban on all private cryptocurrencies.

The Centre’s objective is “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India”.

The Bill has been listed for introduction, consideration and passing in the Lok Sabha. It is among 26 new Bills, which are to be introduced in the Parliament’s Winter session.