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India seeks to block most cryptocurrencies in new Bill

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India seeks to block most cryptocurrencies in new Bill

timestampNov 24, 2021 authorAlShorts Web Desk

India government is planning to table a bill in the winter parliament session intended at banning all private cryptocurrencies in the country. It, however, is expected to exempt some of the cryptocurrencies to promote the technology and its uses. The Centre said it aims "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India".

Latest News

India's active COVID-19 caseload at 541-day low

Global COVID-19 caseload nears 261 million mark

WHO names new COVID-19 strain 'Omicron'

Instagram head agrees to testify amid probe on app's effect on youngsters

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