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Explaining Cryptocurrency's Ransomware Problem - Technology

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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. ....

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India Plans to Introduce Legislation to Ban Cryptocurrencies

India Plans to Introduce Legislation to Ban Cryptocurrencies
Pratik Parija and Bibhudatta Pradhan, Bloomberg News
An engineer runs diagnostics on rigs mining the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worldâs second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg
, Bloomberg
(Bloomberg) India plans to introduce a bill seeking to prohibit all private cryptocurrencies in the country during the budget session of parliament that began Friday.
The proposed law will provide a framework for the creation of an official digital currency to be issued by the Reserve Bank of India and allow certain exceptions to promote blockchain, the underlying technology of cryptocurrency and its uses, according to a bulletin of the lower house of parliament. ....

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