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India ban cryptocurrencies, create official digital currency


Although it seeks to allows certain exceptions to promote the underlying technology of cryptocurrency and its uses
Reuters
January 31, 2021
Customers talk against a backboard with signs of cryptocurrency during 2020 Taipei International Finance Expo in Taipei, Taiwan, November 27, 2020. PHOTO: REUTERS
MUMBAI:
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
The law will “create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI),” said the agenda, published on the lower house website on Friday. ....

T Ai Pei , Taipei International Finance Expo , India Supreme Court , International Finance Expo , Reserve Bank , Supreme Court , Ban Cryptocurrency , டி ஐ பேய் , தைப்பே சர்வதேச நிதி எக்ஸ்போ , இந்தியா உச்ச நீதிமன்றம் , சர்வதேச நிதி எக்ஸ்போ , இருப்பு வங்கி , உச்ச நீதிமன்றம் , தடை கிரிப்டோசுர்ரெனசி ,

India moves to ban private cryptocurrencies


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MUMBAI – India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
The law will “create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)”, said the agenda, published on the lower house website on Friday.
The legislation, listed for debate in the current parliamentary session, seeks “to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses”, the agenda said. ....

T Ai Pei , Taipei International Finance Expo , India Supreme Court , International Finance Expo , Reserve Bank , Supreme Court , டி ஐ பேய் , தைப்பே சர்வதேச நிதி எக்ஸ்போ , இந்தியா உச்ச நீதிமன்றம் , சர்வதேச நிதி எக்ஸ்போ , இருப்பு வங்கி , உச்ச நீதிமன்றம் ,