Bitcoin out, digital rupee in: India cracks down on private cryptocurrencies while seeking to launch its own digital coin ...News

Russia Today - Economy
Bitcoin out, digital rupee in: India cracks down on private cryptocurrencies while seeking to launch its own digital coin
source : Russia Today ( News ) () 29
The Indian government plans to introduce a bill to prohibit “private cryptocurrencies,” paving the way to outlaw the likes of bitcoin. The law is set to facilitate the creation of the nation’s own official digital currency. The ‘Cryptocurrency and Regulation of Official Digital Currency Bill’ was put on the government’s agenda, according to a bulletin, released by the lower house of parliament earlier this week. The proposed law could be discussed in several sessions, the first of which could be held as early as next week. The legislation moves to prohibit what it calls “all private cryptocurrencies in India,” but allows “certain excep

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