Cryptocurrency Bill among 26 to be introduced in Winter Session

The Bill 'seeks to prohibit all private cryptocurrencies in India however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses'

While the top two digital coins share some attributes, they are different in many ways
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As many as 26 new bills, including one on cryptocurrencies, have been listed for introduction in the Winter Session of the Parliament, slated to begin from November 29 and conclude on December 23.

The Winter Session will consider cryptocurrency and regulation of digital currency bill, banking amendment bill, repeal of farm laws, IBC amendment bill, stated the legislative agenda for the upcoming session released on Tuesday.

The cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be tabled in Parliament during the Winter Session seeks "to create a facilitative framework for 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

First Published: Nov 23 2021 | 7:46 PM IST

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