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New Crypto Bill: Private Cryptocurrency To Be Regulated, Not Banned; Crypto Not Legal Currency In India: 5 Points
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RBI will regulate issues related to cryptocurrencyThe note suggests that Cryptocurrency is not recognised as legal currency in the country.
The legislation also describes Cryptocurrency as Cryptoasset, according to the Cabinet note. Cryptoassets will be dealt with the existing crypto exchange platforms which will be regulated by the Securities and Exchange Board of India (SEBI).
Read more on ndtv.comAbout this in other media
Crypto Bill may not be introduced in Winter Session economictimes.indiatimes.com /5 months ago
Crypto Bill: More Changes Likely, Government May Consider Executive Order ndtv.com /5 months ago
Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchanges economictimes.indiatimes.com /5 months ago
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