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Government lists cryptocurrency bill for passage in winter session

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bohemian

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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Shopping Friend Shopping Friend
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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

Tech Guru 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

Deal Subedar Deal Subedar
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Buy the dip

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

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

Delhi Capitals Delhi Capitals
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ban this ban that

Deal Subedar Deal Subedar
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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
Chennai Super Kings Chennai Super Kings
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Bitcoin and ethereum are not private cryptos.

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

Royal Challengers Bangalore Royal Challengers Bangalore
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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).

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

Rajasthan Royals Rajasthan Royals
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Buy gold they will not ban it smile

Hunk Hunk
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i_am_Unpredictable wrote:

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

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

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 Cadet Deal Cadet
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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?

Analyst Analyst
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Tanmayyy wrote:

Bitcoin and ethereum are not private cryptos.

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

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

Deal Subedar Deal Subedar
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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

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