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Government Seeks To Block Cryptocurrencies In New Bill, Prices Crash: 10 Points
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ndtv.comCurrently, El Salvador is the only country to recognise cryptocurrency as a legal tender.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha during the winter session, scheduled to start from November 29.
The Bill seeks to "create a facilitative framework for the creation of the official digital currency to be issued by the RBI. 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.
The Reserve Bank has voiced "serious concerns" about private cryptocurrencies. Bitcoin, the world's biggest cryptocurrency, is hovering around $60,000, and its price has more
Read more on ndtv.comAbout this in other media
"Lot Of Unhealthy Speculation On Cryptocurrency Taking Place": Finance Minister Nirmala Sitharaman ndtv.com /3 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /3 years ago
Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report cryptonews.com /3 years ago
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