Indian Crypto Startups On The Upcoming Cryptocurrency And The Official Digital Currency Bill
India, Jan. 30 -- As the budget session of the parliament commenced with the President Ram Nath Kovind addressing the joint sitting of the two houses on January 29, the government has also published a list of 20 new bills to be introduced in the parliament, including the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
Based on the draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019, the bill aims to provide a facilitative framework for the 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, however, it allows for certain exceptions to promote the underlying technology of cryptoc...
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