Govt plans Bills to bar pvt cryptocurrency with a few ‘exceptions’, repeal farm laws

Wednesday, 24 November 2021Newsdesk

Heading into what could be a stormy winter session of Parliament, the government intends to bring a Bill to repeal the three new agriculture laws and another on prohibiting “all private cryptocurrencies in India” with “certain exceptions”.

New Delhi, 24 November 2021

As per news report of The Indian Express, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction — one of 26 Bills — in Lok Sabha in the winter session starting November 29. The Bill seeks to “create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India”. It 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”.

Source - The Indian Express