The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is set to be introduced in India during the winter session of Parliament. The winter session of Parliament is set to begin on November 29.
Three of the agricultural laws repealing the Agricultural Laws Amendment Bill are scheduled to be passed in the 2021 winter session Of Parliament. Also listed is the 'Cryptocurrency and the Official Digital Currency Regulation Bill 2021', which paves the way for banning private cryptocurrencies and the issuance of official cryptocurrency by the state.
The bill seeks to ban various private cryptocurrencies and impose restrictions on some currencies. The bill is also expected to lay the base work for the official introduction of the digital currency regulated by the Reserve Bank of India.