#indiabancrypto #cryptoregulationindia #coingyaan
India Plans to Introduce Legislation to Ban Cryptocurrencies | Centre lists bill to ban all cryptocurrencies in India, create official digital currency | Govt lists bill to ban all cryptocurrencies, create official digital currency of India | India Would Ban Private Cryptocurrencies Under Proposed Legislation
In this Budget 2021 session, the Centre plans to introduce a bill to ban the all #cryptocurrencies in India such as #Bitcoin. The government will also put in place the framework for an official digital currency to be issued by the Reserve Bank of India.
This is among 20 new bills, which the Government intends to introduce this Union Budget, which will be presented on February 1.
The new bill has been titled as ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’. The Centre is looking towards the introduction, consideration, and passing of this bill.
— Coin Gyaan (@CoinGyaan) January 29, 2021
9/ We, along with other industry stakeholders are open to engage in dailogue in the government.
We are willing to detail out the right information, suggestions towards smart and sensible crypto regulations, etc.
— Sumit Gupta (CoinDCX) (@smtgpt) January 30, 2021
So we have a bill in Parliament around crypto.
Let’s not be afraid. We’ve been preparing for this. We’ve been pushing for regulations.
I believe this bill will be referred to a standing committee for further deliberations.
More thoughts below.#IndiaWantsCrypto
— Nischal (WazirX) ⚡️ (@NischalShetty) January 30, 2021
Let me know what you think!
DISCLAIMER: This is NOT a financial advisory. I am just offering my opinion. I am not responsible for any investment decisions that you choose to make.
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