The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.
According to a PTI report, the Cryptocurrency and Regulation of Official Digital Currency Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency by the RBI.
The news led crypto stakeholders to urge the Centre on taking a “nuanced approach” towards regulating crypto assets in India.
Here are the regulations and rules implemented by countries around the world:
United States: The US has regulations under the central and state governments
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