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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 Cadet Deal Cadet
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For a company named “Indian Government” .. Crypto is way difficult to implement as the foundation of Public related services is on strong foundation of Corruption. Because of Crypto it’s impossible to mint money for Govt officials under the name of transperent work and loopholes in policy Defination and implementation. Once Govt find the solution as how to enforce more sincerity and transperency to common individual then Govt will implement Crypto acceptance as by that way they can control people and thereby claiming the adoption of modern technology. Upcoming 2024 election will play pivotal role as existing govt will ensure based on public perception whether they want to ensure/force the next Govt to be completely transperent so that nobody (Govt and common citizen) should dare to think of Corruption.

Deal Subedar Deal Subedar
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CoinDCX and other crypto apps’ Business-


https://cdn0.desidime.com/attachments/photos/724411/medium/20211124_110607.jpg?1637733320

Deal Subedar Deal Subedar
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Don’t sell ur holdings in PANIC because the BILL is not yet passed.
Somewhat same view expressed by CA Anil Singhvi – https://twitter.com/AnilSinghvi_/status/1463183...

P.S. – We have to sell our holding that is for sure BUT at the same time need to check how govt defines private cryptocurrency.

Deal Cadet Deal Cadet
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Some of the people don’t even know what’s is crypto

Still they blame government
Whatever govt do they just want to blame

Deal Newbie Deal Newbie
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achche din ayenge smiling_imp smile….

Finance Ninja Finance Ninja
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Ban cryptocurrency. cryptocurrency is Illusion nothing else.

NPCI already Launches Blockchain-Based “Vajra” Platform To Secure Payment,

RBI should launch digital “Rupee” asap.

Super Stud Super Stud
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Just curious do you have any direct indirect stake in Rupay, NPCI or are you with these companies?

You can pm me if you do not want to tell to everyone.

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Deal Newbie Deal Newbie
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i wonder if they have already have created the coin and in their pocket right now 😉. This govt dont care about people at all ..its just take take take

Deal Cadet Deal Cadet
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India’s Kim gg minus1

Deal's Advocate Deal's Advocate
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Dont get bothered by all this ban-van…..daba ke invest karo ya hold the investment. Dont get panic and withdraw. I am doing the same an so suggesting the same. Rest is your wish.

Deal Subedar Deal Subedar
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Lagta hai logon ne Crypto bech kar Tomato khareed liya #cryptoban #TomatoPrice

Deal Captain Deal Captain
Moderator
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Will uncertainty over India’s crypto regulation impact job creation?
The crypto industry currently employs about 50,000 people and has the potential to create 8,00,000 jobs by 2030

https://www.moneycontrol.com/news/business/cryp...

Deal Captain Deal Captain
Moderator
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Crypto Bill Will Regulate, Not Ban, Claim Industry Sources

“Fresh draft of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 brings regulation not ban, industry sources told NDTV. The crypto stakeholders asked for regulation to keep a check on corrupt practices and there are likely to be amends to the Bill, they added.”

https://www.ndtv.com/business/cryptocurrency-ba...

Deal Lieutenant Deal Lieutenant
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In case of indian exchnages ban, we could transfer our fund to binance etc international exchanges.

We could convert or crypto to XRP & transfer at 10-12rs cost, we could also use Bitcoin cash (50rs around charge ) for same.
i heard that only private cryptos are getting ban but still if they ban all then we could transfer.

Tech Guru Tech Guru
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@MJ911 @bumblefoot political thread

Generous Generous
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Is it? smile It was transferred to finance by admin himself

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Deal Newbie Deal Newbie
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Worst govt.. They don’t know what to do. Same like petrol prices. Last month increases 11 rupees.now they reduced 5rs and saying, govt concerning people’s economy

Deal Cadet Deal Cadet
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You know it’s bad when it comes from the GOBOment
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