Bill To Ban all the Upcoming Private Cryptocurrencies
New Delhi: A Bill to prohibit all private cryptocurrencies in India with certain exceptions is expected to be taken up for final consideration and passing during the Winter Session starting on November 29, 2021.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is among 26 new Bills of a total of 29 Bills in the government’s legislative agenda. The government’s objective is, “To create a facilitative framework for the 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; however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.
This comes a week after the first-ever Parliamentary panel discussion on the broad contours of crypto finance, where a consensus was reached that cryptocurrency can’t be stopped but must be regulated.
The standing committee on finance meeting was chaired by BJP’s Jayant Sinha, who met representatives of crypto exchanges, Blockchain and Crypto Assets Council (BACC), industry bodies, and other stakeholders on November 16.
Next Story :
-
Hyderabad Police Warning To Bouncers
![Hyderabad Police Warning To Bouncers]()
Hyderabad, Dec 23 (Maxim News): The Hyderabad Police wanted agencies providing bouncer services of strict action if they are found violating the law.
-
Kishan Reddy Sensational Comments On Allu Arjun’s Episode Saying Its Police Failure
![Kishan Reddy Sensational Comments On Allu Arjun’s Episode Saying Its Police Failure]()
Hyderabad, Dec 23 (Maxim News): It is known that a woman named Revathi died in the stampede at Sandhya Theatre. However, in this incident, icon star Allu Arjun was arrested by Chikkadapalli police. He was released from Cherlapalli Central Jail after the Telangana High Court granted interim bail. Later, Chief Minister Reanth Reddy spoke on this issue in…
-
Congress Govt. Shelved Christmas, Ramzan Gift Schemes: Harish Rao
![Congress Govt. Shelved Christmas, Ramzan Gift Schemes: Harish Rao]()
Hyderabad, Dec 23 (Maxim News): Former Minister and BRS MLA T. Harish Rao said that the Congress government had stopped presenting Christmas and Ramzan gifts to minorities besides denying bathukamma sarees to women of Telangana during the festivals.
-
10 Held At Secunderabad Railway Station For Selling Baby
![10 Held At Secunderabad Railway Station For Selling Baby]()
Hyderabad, Dec 23 (Maxim News): The Gopalapuram police caught a gang of 10 individuals on charges of selling a newborn baby at Secunderabad Railway station.
-
Premier Energies To Set Up 1 GW Solar Manufacturing Facility At EMC Maheshwaram
![Premier Energies To Set Up 1 GW Solar Manufacturing Facility At EMC Maheshwaram]()
Hyderabad, Dec 23 (Maxim News): In a major boost to the local supply chain for solar-related components, Premier Energies Global Environment Limited (PEGL), a subsidiary of Premier Energies, has announced plans to establish a 1 GW solar module manufacturing facility at the Electronics Manufacturing Clusters (EMC) Maheshwaram industrial zone in the city outskirts.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
