Preparation / Ban on all private cryptocurrencies in the country! The Modi government will bring the bill in the winter session.
The government is looking tough on cryptocurrencies. The government is preparing to ban all private cryptocurrencies.
The government will ban all private cryptocurrencies
The bill is titled 'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021'.
RBI also seeks to create a framework for digital currency.
The central government will introduce a bill on cryptocurrency in Parliament in the winter session. The bill is called 'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021'. The bill calls for a ban on all private cryptocurrencies in the country, which could pose a problem for those investing in cryptocurrencies such as Bitcoin if the bill is passed in Parliament. It has been demanded, however, that certain exceptions may be allowed to promote internal technology and its uses.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 also calls for the creation of a framework for the creation of official digital currencies as announced by the Reserve Bank of India, according to official documents. At the same time, the government will introduce a bill to repeal agricultural laws in Parliament.
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