Nirmala Sitharaman India cryptocurrency Digital Currency Opinion Nirmala Sitharaman India

Cryptocurrency | What happens when RBI issues a digital currency?

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The markets have been buzzing with the Government of India’s new Bill, ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’.

The Bill proposes to ban all private cryptocurrencies in India. Even before passing of the Bill, it has created an impact with prices declining across key cryptocurrencies.Union Finance Minister Nirmala Sitharaman on November 30 said that the Bill will be introduced in Parliament only after Cabinet approval.The Bill proposes the Reserve Bank of India

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