Indian cryptocurrency players in huddle as govt mulls ban
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New Delhi, Jan. 31 -- As India plans to introduce a new law to prohibit all 'private cryptocurrencies' in the country, the industry stakeholders have come out in unison, hoping that the government will listen to all the stakeholders before taking any decision.
Among the bills lined up for consideration during the Budget Session of Parliament is the 'Cryptocurrency and Regulation of Official Digital Currency Bill, 2021' that will 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. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.
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