Government Says India Seeks To Block Most Cryptocurrencies in New Bill

KEY POINTS: • The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the winter Parliament session. • Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency issued by the Reserve Bank of India. • Prime Minister Narendra Modi chaired a meeting to discuss the future of cryptocurrencies amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, sources said.


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