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What will happen to your crypto investments if India bans digital coins?
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cnbctv18.comThe Centre is all set to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 during the Winter Session beginning November 29. The Bill intends to create a framework for the creation of the official digital currency to be issued by the RBI.It also seeks to ban all private cryptocurrencies in India and will “allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” according to the Lok Sabha bulletin.The government is unlikely to make crypto as currency, but allow digital coins to be held as an asset like shares, gold or bonds, sources suggest.
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