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.”

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