To create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. The Bill also seeks to prohibit all private cryptocurrencies in India,.
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Government to introduce a bill to ban private cryptocurrency in India On November 23, 2021, Lok Sabha, the common house of the Indian Parliament, announced a bulletin regarding conduct of business during the winter session. Among the 26 new bills tabled, a bill to ban all private cryptocurrencies in India has also been proposed to be introduced.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (the " Bill ") is a bill being introduced to the Lok Sabha. According to the Lok Sabha bulletin dated November 23, 2021, the Bill seeks ' to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India.
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A government bulletin said the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aimed to prohibit all private cryptocurrencies in India. However, it has allowed certain exceptions to promote the underlying technology of cryptocurrency and its uses. 24 Nov, 2021, 10.50 PM IST Load More
Prime Minister Narendra Modi's government on Tuesday said that it is preparing to introduce a bill that would regulate digital currencies. There's still much that's unknown about the proposal. A.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 had been originally listed for discussion and passage in the Budget session of the Parliament earlier this year. The much-awaited bill purports to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.
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