Government to introduce cryptocurrency regulation bill in winter session of Parliament


Source: indiatimes.com indiatimes.com

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NEW DELHI: The much-awaited bill on cryptocurrency is all set to be introduced by the Centre in the winter session of Parliament, the government said on Tuesday. The Cryptocurrency & Regulation of Official Digital Currency Bill, 2021 will seek to create a facilitative framework for creation of official digital currency to be issued by the Reserve Bank of India (RBI). Cryptocurrency Live The Centre also said that all private cryptocurrencies will be banned in India. However, it will allow certain exceptions to promote the underlying technology of cryptocurrency and its uses. Last week, Prime Minister Narendra Modi had urged cooperation...