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02.12 - 19:45
Explained: All that we know about the upcoming Cryptocurrency Bill 2021
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There is currently a lot of noise around whether the Indian government will ban cryptocurrencies or not. While details are not known, the 2021 bill regulating their use is to be tabled in Parliament’s Winter Session.
Before anything else, it is important to know that there is a difference in the naming of the 2019 and 2021 bills.
In 2019, the bill’s name suggested a blanket ban. The ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’ read that no one should mine, generate, hold, sell, deal in, issue, transfer, dispose of or use cryptocurrency.
Fast forward to 2021, a number of things have changed. The bill is now named ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’, and was first listed
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