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According to some definitions, most of the larger cryptocurrencies, including Bitcoin and Ethereum, may not come under the ambit. However, there are indications that all cryptos not issued by the government may be banned.
Industry experts were quick to react to Centre proposing to table to Bill in the Winter Session, which is scheduled to be held from November 29 to December 23.
The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives.