Cryptocurrency Bill: Government can ban all currency including bitcoin, bill will come in this session
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Cryptocurrency Ban in India: If you also invest in cryptocurrencies then you may get a big setback. The central government is getting very strict about cryptocurrency. In this winter session, the government can introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021.
There will also be provision for investment
In this bill, provision will also be made in the framework for investing in and running government digital currency on behalf of RBI. Along with this, the government can also give some relaxation in its technical use. Full information about this will be given in the bulletin of the Lok Sabha.
26 new bills will be brought
Let us tell you that this topic was discussed in the Parliamentary Committee meeting, in which instead of banning, regulation was suggested. Let us tell you that a total of 29 bills are to be brought in the Winter Parliament session this time, out of which 26 bills will be new.
Big drop in crypto market
After this decision of the government, there has been a big decline in the cryptocurrency market. Bitcoin, Shiba Inu, USDT, Dodgecoin, Ethereum, WazirX Token, Cordano, Ripple, BitTorrent are all down heavily. In today’s business, there is a decline of 18 to 25 percent in the currency.
There is no bill in the country yet
Let us tell you that at this time there is no bill in the country regarding cryptocurrency nor is it banned. Investors are trading in it according to their own. At the same time, last week PM Modi discussed this matter with the officials. Prior to that, this issue was also discussed in the meeting of the Standing Committee on Finance of the Parliament under the chairmanship of Jayant Sinha. So far, no consensus has been reached on banning crypto in any meeting.
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