Cryptocurrency Bill: ‘Should accept, not reject and outlaw,’ says CII

India cryptocurrency defi Reserve Bank of India decentralised finance Cryptocurrency Bill NOT

09.12.2021 - 15:39

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cnbctv18.com:

Regulatory tools should not outright ban cryptocurrencies, rather build a framework to monitor their use, a report by the Confederation of Indian Industries (CII) has said in a report.This report by the industry body comes at a crucial juncture when the government is all set to table the new cryptocurrency regulations draft bill in Parliament during this winter session.The report titled, ‘Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward’, highlights that digital tokens based on blockchain technology can have several important use cases.“The crypto industry is currently driving substantial technological innovation globally.

Blockchain innovations around the Ethereum main-net, side chains and Layer 2 have the potential to

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