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Government lists cryptocurrency bill for passage in winter session

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The government has listed the cryptocurrency bill in its legislative business plan for the winter session of the Parliament that begins on November 29. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 had been originally listed for discussion and passage in the Budget session of the Parliament earlier this year. The much-awaited bill purports 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,” the government said. https://www.bloombergquint.com/business/governm... https://economictimes.indiatimes.com/markets/cr...
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Deal Legend Deal Legend
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Saw this notification on edelweiss a while back. What to make of it?

https://cdn0.desidime.com/attachments/photos/724318/medium/Screenshot_20211123-200746__01.jpg?1637680270

Pro Tech Guru Pro Tech Guru
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Ban before elections and re-introduce when need arise sunglasses
#Mota_Bhai

Like Magnet Like Magnet
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Hmm…achcha…thik h

Deal Cadet Deal Cadet
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was fun while it lasted

Super Stud Super Stud
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Buy the dip

Generous Generous
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https://cdn0.desidime.com/attachments/photos/724337/medium/IMG_20211123_234443.jpg?1637691315

Deal Newbie Deal Newbie
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@adrishya @Original @timelord
What the investors should do, should we just sell out all our investments with huge loss???

Tech Guru Tech Guru
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That’s why always invest in govt approved and regulated stuff. 🙂 Apologies for gyan. I would like to suggest to wait n watch.

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Helpful Helpful
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Pathetic govt., how do they even make decision? Based on mood?

Generous Generous
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ban this ban that

Super Stud Super Stud
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Paytm Retail Investors explaining advantages/disadvantages of Cryptocurrency ban https://cdn0.desidime.com/attachments/photos/724344/medium/20211124_002315.jpg?1637693675

Deal Subedar Deal Subedar
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India is on track to ban most private cryptocurrencies, such as Bitcoin and Ethereum 🪙 The government announced on Tuesday it was introducing a new financial regulation bill ✒️ point_right https://t.co/Bl3M...0f

Like Magnet Like Magnet
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rolleyes
Finance Ninja Finance Ninja
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Bitcoin and ethereum are not private cryptos.

Analyst Analyst
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Haha is it govt backed? If yes then name one except El Salvador

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Vanguard Vanguard
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There isn’t any specific mention like btc or ether. How you know? sweat_smile

Deal Cadet Deal Cadet
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O no I will loose bitcoins worth lacs pensive

Deal Cadet Deal Cadet
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anyone know how to save one’s investment worth lacs ?

Deal Lieutenant Deal Lieutenant
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Government wants us to become slave of them, financialy weak…then only they can rule.. smiling_imp

Like Magnet Like Magnet
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When you look for the definition of ‘Private Crypto’, you will find that there is only one private crypto in the top 10 and that is Ripple(XRP).

Like Magnet Like Magnet
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Transfer your cryptos to any hardware wallet and HODL those if you truly believe that ‘Crypto is the future’.

Pro Community Angel Pro Community Angel
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Buy gold they will not ban it smile

Pro Critic Pro Critic
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Jab ye Indian note ko ban kar sakte hai Phir kuch v ho sakta hai lale,Kyuki ye sab k sab hai Bh…wale . Kya pta kisi din ye v announce ho jaye Yellow gold ban only white gold chalega India me laughing laughing

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Deal Subedar Deal Subedar
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They banned and unbanned and again banned and unbanned. Noe again ban. They can do whatever they want lmao. Cause im not gov and i dont need to sell my cryptos 🤣🤣

Its like they are on periods

Deal Subedar Deal Subedar
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Its even better for Govt than currency notes. Full investment in their RBI crypto and no return guranntee. At least currency notes have some gurantee.

Deal Captain Deal Captain
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Are you guys selling it all off? What to do?

Shopping Friend Shopping Friend
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Decentralisation se phati padi h govt. Ki
That’s why they will launched there own rbi crypto currency

Shopping Friend Shopping Friend
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Decentralisation gale se utar ni raha govt. Ke …
They will launch there own rbi blockchain coins …
Apna maal bikna chaiye samje

Deal Subedar Deal Subedar
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Why don’t gov bring Bill on Gutkka, liquor, Ciggrates, online gambling platform like dream11, rummy etc. Simply tax hungry gov.

Pro Critic Pro Critic
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Bcz they r source of income of gov 🤷‍♂️

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Deal Newbie Deal Newbie
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Ban Gov , jeena haraam ho jaega kuch dino mai

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