Crypto Bill might not be introduced in the Indian Parliament as the IMF raises concern about the risks associated with emerging economies. Emancipation of the proposed crypto bill is not expected in the Parliament's Winter Session as per the ongoing discussions. 
<h2>Crypto Bill Not to be Introduced in the Indian Parliament, IMF Warns About Risks</h2>
As per the Economic Times' report, "The proposed cryptocurrency bill might not be tabled in the Winter Session of Parliament." The <a href="https://www.cryptoknowmics.com/news/global-crypto-regulation-should-be-comprehensive-imf-says/">International Monetary Fund</a> (IMF) <a href="https://www.outlookindia.com/website/story/business-news-crypto-bill-may-not-be-introduced-in-parliament-imf-warns-of-risks-for-emerging-economies/405138" target="_blank" rel="nofollow noopener">warned</a> about the risks correlated to cryptocurrencies. IMF even advised ahead of the US Federal Reserve meeting about attenuating the revenue boost, major crypto(s) like Bitcoin (BTC), Ethereum (ETH) and others endure trading at a premium.

Bitcoin fell short of the physiological level of $47,000 to trade at $46,499.87 but was retrieved soon. Bitcoin was then trading with gains of 1.96 percent at $48,014.17 as of 8.40 am, claims showed coinmarketcap.com data. Currently, BTC's market cap reigns at $9,07,52,50,88,615.

Ethereum has corrected from its day's low of $3700.1 to trade at $3824.91 as of 8.42 am. This data showcases an inclination of 0.85 percent in just a day. At present, Ether's market cap is worth $4,54,63,53,53,128.

Few other significant coins mirrored diversified movement. For example; Binance Coin (BNB) was trading at $525.12, declaring a fall of 0.17 percent in just one day. Cardano (ADA) was at $1.25, revealing a gain of 1.64 percent, &amp; Solana's (SOL) prices boosted 3.43 percent to $159.46.
<h2>Projection of Meme Coins</h2>
Dogecoin (DOGE) has witnessed an enormous projection in its prices as soon as <a href="https://www.cryptoknowmics.com/news/elon-musk-has-been-voted-person-of-the-year-by-the-time-magazine/">Elon Musk - Tesla CEO</a> tweeted, "Tesla will begin to accept DOGE payments for merchandise bought by its customers." With this tweet, DOGE's prices rose up by 20 percent to $0.2196.

Crypto Bill May Not be Introduced in Indian Parliament, IMF Alerts of Risks with Emerging Economies

Crypto Bill might not be introduced in the Indian Parliament as the IMF raises concern about the risks associated with emerging economies.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Crypto Bill May Not be Introduced in Indian Parliament, IMF Alerts of Risks with Emerging Economies

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