What if India bans circulation of cryptocurrency? What Zerodha founder says
3 years, 1 month ago

What if India bans circulation of cryptocurrency? What Zerodha founder says

Live Mint  

Amid concerns over cryptocurrency, the government is set to introduce “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" in the winter session of Parliament beginning 29 November for consideration and passing. Zerodha co-founder Nikhil Kamath took to Twitter to enquire about what will happen to cryptocurrency in circulation if the govt decides to ban it. A 100 years ago if 20 of my 100 neighbours started their own currency, I would favour the one with the most muscle, ie govt, for me," Kamath had tweeted on 16 November. The Cryptocurrency and Regulation of Official Digital Currency Bill, 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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History of this topic

Bengaluru auto driver gains social media fame for accepting cryptocurrency
4 months ago

Bengaluru auto driver gains social media fame for accepting cryptocurrency

New Indian Express  

In Bengaluru, a city celebrated for its tech-savvy culture, a local auto-rickshaw driver has captured widespread attention by accepting cryptocurrency as payment for rides. His forward-thinking approach was spotlighted in a viral social media post shared on August 18, featuring a photo of the driver standing beside his auto-rickshaw, proudly displaying a sign that reads, “We accept cryptocurrency.” The post …

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 2 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 3 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
1 year, 9 months ago

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option

Firstpost  

Bengaluru: Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. “On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” IMF Managing …

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman
1 year, 10 months ago

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman

Firstpost  

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision The Group of 20 big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

Not in favour of outright Crypto ban: CII chief
2 years, 7 months ago

Not in favour of outright Crypto ban: CII chief

The Hindu  

India should desist from imposing an outright ban on crypto currencies and virtual digital assets, Confederation of Indian Industry president Sanjiv Bajaj said, noting that there can be positive uses for such products as well. We should not outright ban them,” Mr. Bajaj said in an interview with The Hindu. One of CII’s recommendations to financially support India’s growth, whether …

Cryptocurrency tax, bill in India: What we know so far
2 years, 9 months ago

Cryptocurrency tax, bill in India: What we know so far

India Today  

The cryptocurrency tax and proposed regulation bill have been a topic of discussion among investors and stakeholders in India for sometime. The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing the set off of any losses with gains from other virtual digital assets, according to a PTI report. FINANCE BILL, 2022 As per the …

Cryptocurrency to be banned in India? What we know so far
2 years, 10 months ago

Cryptocurrency to be banned in India? What we know so far

India Today  

The question over the legality of cryptocurrencies in India has garnered eyeballs, especially after the government's move to tax virtual digital assets. Apart from providing clarity on taxation on virtual digital assets, Union Finance Minister Nirmala Sitharaman and top officials of the government have given statements on the future of cryptocurrency in the country. The proposed bill TAXATION ON VIRTUAL …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
2 years, 10 months ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies
2 years, 10 months ago

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies

India Today  

Finance Minister Nirmala Sitharaman on Friday said that a decision on "banning or not banning" cryptocurrencies will be taken after consultations. She also said that the government's move to levy a 30 per cent tax on gains from cryptocurrencies has nothing to do with the legality of private digital currencies in the market. "Banning or not banning cryptocurrencies will come …

India's official digital currency likely to debut by early 2023, says top government source
2 years, 10 months ago

India's official digital currency likely to debut by early 2023, says top government source

Firstpost  

He said the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number New Delhi: India’s very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed …

India's digital currency to debut by early 2023: Government source
2 years, 10 months ago

India's digital currency to debut by early 2023: Government source

India TV News  

India's very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed facility, a top government source said. A top government source, who wished not to be identified said, the digital currency issued by the RBI would …

Bitcoin, Ethereum, other cryptocurrencies will never become legal tender in India, says Govt official
2 years, 10 months ago

Bitcoin, Ethereum, other cryptocurrencies will never become legal tender in India, says Govt official

India Today  

Bitcoin, Ethereum, and other cryptocurrencies along with non-fungible tokens will never become legal tender in India, Finance Secretary TV Somanathan said on Wednesday. The Finance Secretary's statement comes a day after Finance Minister Nirmala Sitharaman in the Union Budget 2022 announced income from the transfer of any virtual digital asset will be taxed at the rate of 30 per cent. …

Cryptocurrency Bill unlikely to be introduced in upcoming Budget session
2 years, 11 months ago

Cryptocurrency Bill unlikely to be introduced in upcoming Budget session

India Today  

The government is unlikely to bring the bill related to the cryptocurrency in the upcoming Budget session. CRYPTO BILL UNLIKELY IN BUDGET SESSION The cryptocurrency bill may not be introduced in the Budget session of Parliament, according to a senior finance ministry official who spoke to ET. The much-awaited bill seeks to "create a facilitative framework for the creation of …

As of 2021, Over 50 Countries Have Bans on Cryptocurrency
2 years, 11 months ago

As of 2021, Over 50 Countries Have Bans on Cryptocurrency

News 18  

Cryptocurrencies gained extraordinary popularity in 2021. In May 2021, the Asian country decided to ban Chinese financial institutions from providing services relating to cryptocurrencies. According to the Law Library of Congress report of November 2021, 51 countries have taken the step of banning cryptocurrencies, either implicitly or absolutely. In its report, the Law Library of Congress lists 103 countries that …

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban
2 years, 11 months ago

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban

India Today  

2021 was the biggest year for cryptocurrencies. Bitcoin was already popular, but the past 12 months have seen greater adoption of other crypto coins like Ethereum, Cardona, Dogecoin and even distant spin-offs like Shiba Inu. The past year saw El Salvador accept Bitcoin as legal tender, a lot of companies started accepting payments in cryptocurrencies, major celebrities bought NFTs and …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
2 years, 11 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

Neither ban nor regulate crypto
3 years ago

Neither ban nor regulate crypto

The Hindu  

“India has officially adopted bitcoin as legal tender,” tweeted the Prime Minister at 2 a.m. on December 12. For now, the Indian government must be explicit that India will never recognise cryptocurrencies as currency. The argument for regulating cryptocurrencies is the notion that millions of investors indulge in risky cryptocurrency trading which can cause losses, increase volatility, spur shadow finance …

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban
3 years ago

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban

India TV News  

With India preparing to introduce the much-anticipated Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the ongoing Winter Session of the Parliament, all eyes are on what will happen to the investors' hard-earned money once the ban on all private cryptocurrencies comes into effect. Although Finance Minister Nirmala Sitharaman informed the Parliament that the government has no proposal …

Plea Before Madras High Court Seeks Ban On Cryptocurrency Trade Advertisements
3 years ago

Plea Before Madras High Court Seeks Ban On Cryptocurrency Trade Advertisements

Live Law  

A petition before Madras High Court seeks a ban on The Finance Secretary, Cabinet Secretary and the Ministry of Information & Broadcasting have been arraigned as the Respondents to stop "On the 1st page of newspapers itself,several media sources of our country are publishing the The petitioner submits that cryptocurrencies cannot adequately fulfil the functions of money and opens up …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

Controlling the crypto genie
3 years ago

Controlling the crypto genie

The Hindu  

Elon Musk may be the real crypto piper, for cryptocurrencies dance to his tunes. Editorial | Regulation, not ban: on cryptocurrencies At one extreme we have China which has almost banned cryptocurrencies and introduced its own centrally regulated digital currency called Digital Renminbi. While many parts of the world are planning to clip the wings of cryptocurrencies, El Salvador is …

Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM
3 years ago

Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM

News 18  

Clearing all the doubts and panic among investors regarding the upcoming cryptocurrency bill, finance minister Nirmala Sitharaman said on Tuesday that the government is working on a new bill to regulate cryptocurrency in India. While replying in Rajya Sabha, Sitharaman said, “There were other dimensions and the bill had to be reworked and now we are trying to work on …

Unregulated Cryptocurrency Can Become a Safe Mode of Transaction for Scamsters, Terrorists
3 years ago

Unregulated Cryptocurrency Can Become a Safe Mode of Transaction for Scamsters, Terrorists

News 18  

Finance Minister Nirmala Sitharaman on Monday made it clear on the floor of Parliament during the ongoing Winter Session that the government has no plans to recognise Bitcoin as a currency. Although cryptocurrency looks like a lucrative investment option at first, there is no running away from the fact that cryptocurrencies are still illegal in India and in most big …

Don’t ban cryptocurrencies, instead set up a regulatory body
3 years ago

Don’t ban cryptocurrencies, instead set up a regulatory body

Firstpost  

The potential of crypto is enormous and banning it would be throwing the baby out with the bathwater Whether you are for or against bitcoins and cryptocurrencies, you cannot deny their importance as an evolution in money and banking. There are approximately 150-200 million crypto users worldwide and about 15-20 million in India, according to Nischal Shetty, CEO of WazirX. …

'Crypto Bill Description on Banning Private Crypto Was a Mistake': Ex-Fin Secy who Drafted Bill
3 years ago

'Crypto Bill Description on Banning Private Crypto Was a Mistake': Ex-Fin Secy who Drafted Bill

News 18  

With the winter session of the Parliament officially kick-starting, I sat down with Subhash Garg, the former finance secretary who drafted the Crypto Bill to understand what has changed from 2019 to now. The description of the listed bill – The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 said that all private cryptocurrencies will be banned and that …

Regulation, not ban: on cryptocurrencies
3 years ago

Regulation, not ban: on cryptocurrencies

The Hindu  

Eight years after the RBI issued its first advisory cautioning holders of virtual currencies about the potential financial and security risks, and two years after drafting a Bill to ban cryptocurrencies, the Government is set to introduce legislation that would, if passed, officially proscribe such currencies. Prime Minister Narendra Modi had in a video address to the Sydney Dialogue earlier …

We don't track crypto trading: Finance Ministry
3 years ago

We don't track crypto trading: Finance Ministry

The Hindu  

The government doesn’t collect information on cryptocurrency or Bitcoin transactions in the country and has no plans to recognise Bitcoin as a currency, the Finance Ministry told Parliament on Monday. “RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption,” the Minister said, adding that an official digital …

RBI Wants To Enhance Scope Of Digital Currency Under Definition Of Bank Note, Proposes Amendment To Law
3 years ago

RBI Wants To Enhance Scope Of Digital Currency Under Definition Of Bank Note, Proposes Amendment To Law

ABP News  

New Delhi: The central government on Monday informed Parliament that it has received a proposal from the Reserve Bank of India last month to enhance the scope of digital currency under the definition of ‘bank note’. The RBI had introduced the proposal of Central Bank Digital Currency in October seeking to amend the Reserve Bank of India Act, 1934. On …

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman
3 years ago

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

The Hindu  

The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. The uncertainty around cryptocurrency In reply to another question, Ms. Sitharaman said, Ministries and Departments have spent ₹2.29 lakh crore as capital expenditure during the April-September period of the current fiscal. National …

No proposal to recognise Bitcoin as a currency: FM Sitharaman
3 years ago

No proposal to recognise Bitcoin as a currency: FM Sitharaman

Live Mint  

In a reply to a question asked on Bitcoin in the Parliament on Monday, Finance Minister Nirmala Sitharaman said that the government has no proposal to recognise Bitcoin as a currency in the country. This comes as the government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The …

Some cryptocurrency firms in India see dip in new customer sign-ups
3 years ago

Some cryptocurrency firms in India see dip in new customer sign-ups

India Today  

Indian cryptocurrency exchanges have witnessed a drop in the number of new individuals signing up on their platforms in light of the new cryptocurrency bill, which will be tabled during the Winter Session of Parliament. Potential cryptocurrency investors are staying put at the moment, due to a growing buzz that the government is planning to ban private cryptocurrencies with the …

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact
3 years ago

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact

ABP News  

New Delhi: Everyone speculating a ban on cryptocurrencies in India may take it easy as the government is set to introduce a Bill in the upcoming winter session of Parliament which, if passed, will only ban the ‘private’ digital currencies. Investors trading in Bitcoin, Ethereum, and the likes may not be worried because these are public blockchain-based cryptocurrencies, which offer …

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban
3 years ago

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban

News 18  

The central government earlier this week officially expressed its intention to introduce a Bill aimed at prohibiting private cryptocurrencies in India. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrency. The much-anticipated cryptocurrency Bill will probably ban all private cryptocurrencies in India, but this will not be a blanket ban as per sources. …

The uncertainty around cryptocurrency
3 years ago

The uncertainty around cryptocurrency

The Hindu  

The story so far: A bill that the Centre is set to introduce in the Winter Session of Parliament has got investors in cryptocurrencies worried. THE GIST A bulletin released by the Government on Wednesday stated that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will “create a facilitative framework for creation of the official digital currency to …

Cryptocurrency ban in India: What are Private coins? All you need to know
3 years ago

Cryptocurrency ban in India: What are Private coins? All you need to know

India TV News  

Highlights Govt will table Cryptocurrency and Regulation of Official Digital Currency Bill in Parliament. Meanwhile, Speaking to India Tv on private cryptocurrencies, Hitesh Malviya, founder of ItsBlockchain, said 'banning such privately owned cryptocurrencies is a good move." In my understanding, bitcoin, ethereum, and other popular cryptocurrencies are not controlled or managed by any private entities, transactions are on the public …

Many crypto firms may look to exit India amid possibility of ban: Report
3 years ago

Many crypto firms may look to exit India amid possibility of ban: Report

India Today  

Several cryptocurrency startups and blockchain-related startups may look to move out of India amid the possibility of a ban on virtual coins. While it is still not certain whether the government’s bill is aimed at enforcing a ban on cryptocurrencies, it has caused panic among Indian investors and businesses involving blockchain technology and virtual coins. Here's what experts say Speaking …

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path
3 years, 1 month ago

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path

News 18  

India is all set to bring in new rules to regulate cryptocurrency as the Union government plans to introduce a Bill to ban all private cryptocurrencies in the upcoming winter session of Parliament. As per the Lok Sabha Bulletin released on Tuesday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to create a facilitative framework for the …

Proposed bill on Cryptocurrencies may Prohibit Private Crypto but RBI may have Power to Give Exemption
3 years, 1 month ago

Proposed bill on Cryptocurrencies may Prohibit Private Crypto but RBI may have Power to Give Exemption

News 18  

Proposed bill on cryptocurrencies likely to have the provision to prohibit all private cryptocurrencies but Reserve Bank of India may get the power to give exemption and issuing a digital rupee, according the top sources. According to the sources proposed bill — The Cryptocurrency and Regulation of official Digital Currency Bill, 2021-may have the provision under which “”No person shall …

Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins
3 years, 1 month ago

Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins

News 18  

For several months, my stand on cryptocurrencies, assets, and exchanges has been unambiguous and unwavering — that they should be banned outright, without further ado or delay; instead, a comprehensive regulatory framework should be built around the Central Bank Digital Currency. Finance Minister Nirmala Sitharaman in her Budget speech announced that India’s very own digital rupee backed by blockchain technology …

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
3 years, 1 month ago

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources

News 18  

The central government may not go for a blanket ban on cryptocurrency in India, according to sources. The much-awaited cryptocurrency bill is likely to prohibit all the private cryptocurrencies in India, with certain exceptions, according to the bulletin mentioned in the Lok Sabha website. Tax on Cryptocurrency Cryptocurrencies are not taxed in India currently, but taxpayers do need to declare …

EXPLAINED: Where India Stands On Cryptocurrencies, What New Bill Will Mean For Bitcoin And Company
3 years, 1 month ago

EXPLAINED: Where India Stands On Cryptocurrencies, What New Bill Will Mean For Bitcoin And Company

News 18  

Another of the notorious price swings cryptocurrencies are known for was underway amid news that the Centre is set to introduce a Bill in Parliament that seeks to crack down on these unregulated assets in India, which has one of the largest crypto-ownership bases in the world. Reports suggest that the cryptocurrency Bill missed out on introduction in Parliament during …

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder
3 years, 1 month ago

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder

News 18  

Cryptocurrency Ban in India: The Indian cryptocurrency market has gone into a frenzy ever since the government’s plan to regulate these digital assets during the upcoming winter session of the Parliament came into the play. On Wednesday, a day after the government’s plan surfaced, cryptocurrency prices have crashed and investors are worrying with just one question in their heads — …

Is Cryptocurrency Legal in India? Crypto Bill, Private Cryptos, all Questions Answered
3 years, 1 month ago

Is Cryptocurrency Legal in India? Crypto Bill, Private Cryptos, all Questions Answered

News 18  

With more and more people investing in popular Bitcoin and relatively lesser know Shiba Inu, all thanks to Elon Musk probably, cryptocurrency craze has indeed gripped India. While new age investors, especially millennials, taking to crypto with such gusto, the million dollar question is right now — is cryptocurrency legal in India? To mend this lack of regulatory framework in …

No Ban, Govt Regulating Cryptocurrency to Check Role in 'Hawala', Terror Funding: Sources
3 years, 1 month ago

No Ban, Govt Regulating Cryptocurrency to Check Role in 'Hawala', Terror Funding: Sources

News 18  

The Centre’s move to bring a bill in the upcoming Winter Session of Parliament to regulate cryptocurrency has sparked a ripple effect, with bitcoin prices crashing to the lowest in a month. The government is concerned about the underground transactions happening against cryptocurrency — particularly its role in ‘hawala’ and terror funding,” they said. It was then also discussed that …

What is cryptocurrency row all about as India heads to have a law?
3 years, 1 month ago

What is cryptocurrency row all about as India heads to have a law?

India Today  

The world of money is changing with a strong push for private currency in the form of cryptocurrency. India’s is one such government that is bringing a law to regulate cryptocurrency, which is till date unregulated in the country with a growing investment in this form of currency. This is a whole new world of currency, much different from the …

Centre To Introduce Bill To Ban Private Cryptocurrencies In India & Create Official Digital Currency
3 years, 1 month ago

Centre To Introduce Bill To Ban Private Cryptocurrencies In India & Create Official Digital Currency

Live Law  

The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session of Parliament. The Bill The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session of Parliament. "When the consistent stand of RBI is that they have …

Govt to move bill in Parliament to ban crypto-currencies
3 years, 1 month ago

Govt to move bill in Parliament to ban crypto-currencies

Live Mint  

Days after Reserve Bank of India governor Shaktikanta Das sounded alarm on crypto-currencies warning very serious risk it poses for macro economy and financial stability of the country, the government’s legislative agenda for the upcoming winter session of Parliament showed it plans to ban private crypto-currencies such as bitcoin. Government is set to introduce “The Cryptocurrency and Regulation of Official …

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