Cryptocurrency bill

Cryptocurrency has been in the news for quite a while now and more and more people are dabbling in this digital currency. However, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, listed in the Winter Session of Parliament, seeks to prohibit all private cryptocurrencies in India. But it allows for certain exceptions.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, if cleared by the parliament, will impose a blanket ban on the transaction of cryptocurrency by corporations and individuals. The bill is likely to be placed before the ongoing budget session of the Parliament.