The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021

The Parliament proposes to introduce Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in its ongoing session. Primary aim of the Cryptocurrency Bill is to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. The Bill also seeks to ban all private cryptocurrencies in India, while allowing certain exceptions to promote the underlying technology of cryptocurrency and its uses.