Misleading advertisements on cryptocurrencies biggest concern: Rajya Sabha MP Sushil Modi

Sushil Modi, BJP leader and Member Parliamentary Standing Committee raised questions to the Finance Minister during the question hour on the cryptocurrency Bill.

The government will be coming up with a new Bill on cryptocurrency and the same will be introduced in the House once the Cabinet clears it, said Finance Minister Nirmala Sitharaman in Rajya Sabha today.

“The biggest concern of the entire House was that a flurry of misleading advertisements are being published in newspapers, print media, in the electronic and in the digital media. Many of these advertisements were sponsored by big stars of the country and young people are being allured by the assurance that has been given by these crypto exchanges,” he said.