GOVERNMENT OF INDIA

MINISTRY OF FINANCE
RAJYASABHA
UNSTARRED QUESTION NO. 2591
TO BE ANSWERED ON 16thJuly,2019
Prohibition of cryPto currency

2591. SHRI DHARMAPURI SRINIVAS:

OUE STION

Will the Minister of FINANCE be pleased to state:

a) whether Govemment has prohibited crlpto currency in the country;

b) ifso, the details thereof;

c)whetherGovemmenthastakennoteaboutprevalenceofcryptocurrencyinthe
country;

d) ifso, the details thereof; and

e) the action taken against the persons who are responsible

for running the crypto
culrency in the market?

AN SWER

MINISTER OF STATE IN MINISTRY OF FINANCE

(SHRI ANURAG SINGH TIIAKUR)
a) & b) No, Sir.

c)&d)Takingnoteoftheissue,theGovemmenthasconstitutedanlnter- (EA)' The

lutini.t"aa coimiuee (IMC) under the chairmanship of Secretary
IMC has submitted the Report to the Government'

e) Presently, there is no separate l* !t

dealing with issues relating to
Hence, all concemed Departments and law enforcement
"rypto.,*"r.ies.
;;.,il;; J.h as RBI, Enforcement Directorate and Income Tax authorities' etc'
iit"u.tio, as per the relevant existing laws. Similarly, police/courts take action
onlPCoffences.Further,inviewofth".i'k'anddangersassociatedwith press
cryptocurrencies, Govemment and RBI have been issuing advisories'
releases and circulaxs to the public.