{"id":257672,"date":"2021-11-24T18:10:36","date_gmt":"2021-11-24T12:40:36","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=257672"},"modified":"2021-11-24T18:10:36","modified_gmt":"2021-11-24T12:40:36","slug":"cryptocurrency-and-regulation-of-official-digital-currency-bill-2021-to-be-introduced-in-parliaments-winter-session-could-bar-private-cryptocurrencies-in-india","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/24\/cryptocurrency-and-regulation-of-official-digital-currency-bill-2021-to-be-introduced-in-parliaments-winter-session-could-bar-private-cryptocurrencies-in-india\/","title":{"rendered":"Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced in Parliament\u2019s winter session; could bar private cryptocurrencies in India"},"content":{"rendered":"

The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session from November 29th<\/sup>, 2021.<\/p>\n

As per the announcement the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 shall seek to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. The Bill shall also prohibit all private cryptocurrencies in India, however, it may allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses.<\/p>\n

<\/p>\n

\n

<\/del>Tanvi Singh, Editorial Assistant has put this report together\u00a0<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session <\/p>\n","protected":false},"author":67011,"featured_media":217165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[47871,35792,29947,19231],"class_list":["post-257672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes","tag-crypto","tag-crypto-regulation-bill","tag-cryptocurrency","tag-digital-currency"],"yoast_head":"\nCryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced in Parliament\u2019s winter session; could bar private cryptocurrencies in India | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/24\/cryptocurrency-and-regulation-of-official-digital-currency-bill-2021-to-be-introduced-in-parliaments-winter-session-could-bar-private-cryptocurrencies-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced in Parliament\u2019s winter session; 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