New Law To Ban Cryptocurrencies In India? Uncertainty, Speculation = Investor Panic | Newstrack

Days after Reserve Bank of India governor Shaktikanta Das warned that crypto-currencies pose a serious concern to macroeconomic and financial stability, the government’s legislative agenda for the upcoming winter session of Parliament showed it plans to ban “private cryptocurrencies".

The government is set to introduce “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" in the winter session of Parliament beginning 29 November for consideration and passing. The bill aims “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.

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