Govt bill to ban private cryptocurrencies, create digital currency

Updated : Jan 30, 2021 16:38
|
Editorji News Desk

The Indian government has listed a bill that would prohibit all private cryptocurrencies in the country. The bill also provides a framework for the creation of an official digital currency, that will be issued by the Reserve Bank of India. It's worth noting that in April 2018, the RBI effectively banned cryptocurrency transactions via banks and e-wallets, but the ban was later quashed by the Supreme Court in March 2020.

RBIdigital currencyBitcoinIndian governmentIndia

Recommended For You

editorji | Tech

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

editorji | Tech

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

editorji | Tech

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

editorji | Tech

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

editorji | Tech

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra