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Crypto Asset Bill Proposes To Prohibit Use Of Crypto As Currency
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The Crypto Asset Bill proposes to prohibit usage of crypto asset as currency substitutes or as payment systems for remittances. The bill also proposes to establish a facilitative framework for distributed ledger technology and also lay the groundwork for creation of the official digital currency to be issued by the Reserve Bank of India (RBI) and regulated under the RBI act, sources told NDTV.
The bill which will be presented in the winter session of Parliament also proposes to establish a
Read more on ndtv.comAbout this in other media
Proposed India bill banning crypto payments could mean jail for violations: Report moneycontrol.com /3 years ago
India's crypto ban bill could mean arrest and jail without a warrant or bail for violations euronews.com /3 years ago
Proposed bill banning crypto payments could mean jail for violations economictimes.indiatimes.com /3 years ago
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