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Explained: RBI’s concerns and systemic problems on cryptocurrencies
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cnbctv18.comThe government is set to bring a cryptocurrency bill in the ensuing winter session of Parliament to bar all but a few private cryptocurrencies and create a framework to regulate a digital currency issued by the RBI.The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha in the winter session, scheduled to begin from November 29.According to a parliamentary bulletin, the bill aims to create a facilitative legislative framework for the official virtual currency which will be launched by RBI.It doesn't mean that RBI will immediately launch a digital currency.
CNBC-TV18 has picked up that the RBI will be ready with only a pilot by the first quarter of next year, but the law will
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