India: Re-introduced Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
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Description
Re-introduced Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
The "Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" is re-introduced to the Lok Sabha, the lower chamber of Indian parliament. The Bill aims to create the framework for an official digital currency issued by the Indian Reserve Bank. Moreover, the Bill prohibits all private cryptocurrencies, allowing only for certain exceptions with the scope to promote the cryptocurrency technology.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament