Parliamentary Panel meeting: Regulate crypto, don't ban, say House members

Within days of Prime Minister Narendra Modi chairing a meeting on the future of cryptocurrency, a parliamentary panel on Monday favoured regulation rather than imposing an outright ban. The winter session of Parliament starting on November 29 is expected to take up the draft bill on regulating cryptocurrency.

This is the first meeting on the subject that was convened by the Parliamentary Standing Committee on Finance.       

The Parliamentary Standing Committee meeting chaired by BJP leader and former minister of state for finance Jayant Sinha on Monday discussed the pros and cons of crypto finance with several stakehol­ders.