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Cryptocurrency bill among 26 new legislations on government’s agenda

New Delhi [India] : A bill to prohibit all private cryptocurrencies in India and to create a facilitative framework for the creation of official digital currency to be issued by RBI is on the agenda of the government for the winter session of parliament.The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021is among the 26 new bills on the agenda of the government for introduction and passage during the winter session which begins on November 29. The bill seeks “to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India”.The bill also seeks to prohibit all private cryptocurrencies in India but it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.Prime Minister Narendra Modi had earlier this month chaired a meeting on the way forward for cryptocurrency and…

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