India's Govt To Ban All Private Cryptocurrencies Barring A Few In Upcoming Bill: Sources

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In a big development, sources told Republic on Tuesday that a cryptocurrency bill will be introduced in the winter session of the Parliament. The bill under the name of 'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021' is listed as 'To create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India' sources further say, adding that the Bill will prohibit all private cryptocurrencies excluding a few, in order to leverage the underlying blockchain technology. It is one of the 26 bills to be introduced in the upcoming session of the Parliament.

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