the upcoming indian cryptocurrency bill is unlikely to be introduced in the upcoming budget session of the parliament economic times reported citing a senior finance ministry official on january 19 indias cryptocurrency bill being a complex subject will require more time the official said the government wants to conduct more discussions with the stakeholders in order to have a consensus on the regulatory framework for crypto in november the cryptocurrency and official regulation of digital currency bill 2021 was listed to be considered in the winter session of parliament but it was postponed to be taken up later the government is now reconsidering and reworking along these dimensions of the bill economic times reportedthe government awaits technical inputs from the reserve bank of india rbi after the pilot launch of its central bank digital currency cbdc the digital indian rupee rbi has repeatedly expressed concerns regarding cryptocurrencies and has warned earlier about the risks posed by themthe pilot launch of cbdc is expected to take place in the coming monthsa legislative framework for virtual currencies would also require amendment of some of the existing laws a lack of consensus over the taxation framework for digital currencies could also be a reason behind the delay in introducing the bill according to the people having knowledge of this domainin this regard an indian industry association indiatech which included startup organizations and major crypto exchanges wrote a letter to the finance minister for seeking clarity on crypto taxes in the upcoming union budget on january 7most recently prime minister modi called on governments worldwide to collaborate on cryptocurrency to deal with the challenges posed by its dynamic technology in the virtual world economic forums wef davos agenda conference on january 17for the latest crypto news and investment tips follow our cryptocurrency page and for live cryptocurrency price updates click here