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India's Soap Opera Continues: CBDC Plan, 'Private Crypto' Ban, Some Trading Maybe
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Adding to the uncertainties surrounding the future of cryptocurrencies in India, the country’s government has released a description of a forthcoming legislative proposal that would prohibit private crypto and would allow the Reserve Bank of India (RBI), the country’s central bank, to create its central bank digital currency (CBDC). Also, some crypto trading may be permitted.
The latest development comes at a time when India’s government and lawmakers are discussing new regulations for cryptocurrencies, with local observers expecting the described legislation to be passed during the parliament’s winter session which is to begin on November 29.
Prime Minister Narendra Modi’s government proposes to help the RBI create a CBDC, as reported by
Read more on cryptonews.comAbout this in other media
All Private Cryptocurrency Will Be Regulated, Not Banned: Sources ndtv.com /2 years ago
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /2 years ago
Singapore crypto bourse enters India despite pending curbs moneycontrol.com /2 years ago
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