Mumbai, Feb. 15 -- With the government planning to introduce an official digital currency, industry body Internet and Mobile Association of India (IAMAI) on Monday said that the move need not necessarily lead to a "ban" on other crypto assets.

Fiat digital currency serves a totally different purpose than the other crypto currencies in India and both of them can co-exist, IAMAI said.

The possibility of a ban on private cryptocurrencies was raised in some quarters after the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was listed on the agenda for the Budget session of Parliament.

IAMAI said it welcomes the government's move to introduce an official digital currency.

"However, the association would also like to p...