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New Crypto Bill Draft Brings Regulation, Not Ban: Sources
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ndtv.comThe Supreme Court had lifted the cryptocurrency ban in 2020.
New Delhi: Fresh draft of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 brings regulation not ban, industry sources told NDTV. The crypto stakeholders asked for regulation to keep a check on corrupt practices and there are likely to be amends to the Bill, they added.
It was learnt on Tuesday that the Centre could bring a Bill in the winter session of Parliament to bar all cryptocurrencies in India, barring a few exceptions, and create a framework to regulate digital currency issued by the Reserve Bank of India (RBI).
In response, all major digital currencies saw a fall of around 15 per cent and more, with Bitcoin down by around 18.53 per cent, Ethereum
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