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Cryptocurrency bill: Law makers don't want competition with INR, say experts
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Central government has lined up the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 for the winter session. The bill aims to create a facilitative framework for RBI's official digital currency, while seeking to prohibit private cryptocurrencies in the country barring a few exceptions.
These exceptions are aimed towards promoting the underlying technology and its uses. The details about the exceptions, however, are yet to be known.To understand what these exceptions could be, CNBC-TV18 spoke with Tanvi Ratna, Founder and CEO, Policy 4.0, Sidharth Sogani, Founder and CEO of CREBACO Global, and Nischal Shetty, Founder and CEO of WazirX.Read Here: Govt to move cryptocurrency bill in winter session; seeks to prohibit all
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