Supreme Court: Ad Valorem Court Fees Apply to Appeals Seeking Statutory Land Acquisition Benefits || Supreme Court: Cruise Voyages Remain Shipping Business under Section 44B Despite Onboard Services || Supreme Court: People Abandon Cattle on Roads But Object to Their Use For Food || Supreme Court Stays CIC Decision Declaring NSE Subject to the RTI Act || SC: Wife May Be Denied Interim Maintenance if Husband Ex Facie Establishes Adultery || SC: Prior Testimony is Inadmissible without Section 299 CrPC Order against Absconder || Supreme Court: Administrative Action Can't Be Invalidated Solely for Lacking Formal Order || Calcutta High Court: Section 141 NI Act Does Not Apply to Sole Proprietorships || Orissa High Court Criticizes Magistrate for Defying Direction in Cheque Bounce Case || Delhi High Court Safeguards Yuvraj Singh's Personality Rights, Orders Deepfake Takedown

Government Proposes to Introduce Cryptocurrency and Regulation of Official Digital Currency Bill - (24 Nov 2021)

CIVIL

Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. As per the list of business, the Bill 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 Bill also seeks to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India.

Tags : CENTRAL GOVERNMENT AND REGULATION OF OFFICIAL DIGITAL CURRENCY BILL 2021

Share :