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According to two people familiar with the situation, Prime Minister Narendra Modi will make a final decision on the regulatory framework for cryptocurrencies despite differing opinions among stakeholders. On Thursday, a high-level meeting was conducted to evaluate all options as well as stakeholder perspectives, including the Reserve Bank of India’s concerns. According to one of … Read more
Bill 2021 in Parliament on Cryptocurrency and Official Digital Currency (Updates): During the current Winter Session, the government will introduce the long-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament. The bill could be introduced within the next few days. It is not on the Lok Sabha’s updated ‘List of Business’ … Read more
The Bombay High Court has ordered the Central Government to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which it claims would be tabled during the Parliament’s winter session, which began on Monday. In a public interest litigation (PIL) plea seeking directions to the Central government to develop legislation to oversee the … Read more
The Cryptocurrency and Official Digital Currency Regulation Bill 2021 is currently being debated in Parliament. Updates in Real Time: The crypto business is looking for favourable regulation that will allow for limited investment and trading in digital assets. Bill 2021 in Parliament on Cryptocurrency and Official Digital Currency (Updates): During the current Winter Session, the … Read more
The government’s announcement that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced in the upcoming winter session of Parliament has sparked a market uproar. According to the 2021 Chainalysis’ Global Crypto Adoption Index, India’s digital currency sector was valued $6.6 billion in May, compared to $923 million in April 2020. … Read more
In the wider public interest, the government may seek to establish certain boundaries for crypto in India after multiple rounds of caution. There have been some fast-paced changes on the way forward for digital currencies in India amid growing cryptocurrency excitement, with RBI governor Shaktikanta Das kicking it off by sounding a note of caution … Read more