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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

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