Government is bringing in the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament.
Can anyone explain more about this ? what it means??
This was the post that was released by the govt.
Couple of things which we can infer from this :
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RBI is coming up with its own official digital currency.
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Bill recognises the importance of block chain and crypto based technology.
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Private coins maybe banned.
Now what are private coins is bit unclear. But this is what we can gather currently about it :
This twitter thread is bit helpful in summarising today’s update :
One more nice thread :
Latest Update on Crypto…There is no ban …only a regulation mechanism will be in place
The above planned bill did not come-up for discussion
during the recent parliament session in December 2021, right?
So we need to wait and watch0out for the next parliament session i suppose.