India might ban private cryptocurrencies like bitcoin and develop a national digital coin
PUBLISHED SAT, JAN 30 202112:14 PM ESTUPDATED SAT, JAN 30 20216:15 PM EST
Abigail Johnson Hess
PUBLISHED SAT, JAN 30 202112:14 PM ESTUPDATED SAT, JAN 30 20216:15 PM EST
Abigail Johnson Hess
- The “Cryptocurrency and Regulation of Official Digital Currency Bill” moves “to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India.”
- Additionally, “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.”
