Bill to ban all cryptocurrencies to be tabled in Winter Session of Parliament
Darpan News Desk IANS, 23 Nov, 2021 12:14 PM
New Delhi, Nov 23 (IANS) The Union government will move a Bill which seeks to prohibit all private cryptocurrencies in India in the Winter Session of Parliament starting November 29.
It will be called The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its usage.
The government's objective is "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India".
The Bill has been listed for introduction, consideration and passing in the Lok Sabha. It is among 26 new Bills, which are to be introduced in the Parliament session beginning November 29.
Prime Minister Narendra Modi had earlier said that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands.
Giving an example of the virtual currency, he had said, "Take cryptocurrency or Bitcoin for example. It is important that all nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youth."
Several high meetings have been held to discuss the regulation of cryptocurrencies. The Parliamentary Stnading Committee had also called for the regulation.
In a bonanza to the people of Punjab ahead of Diwali, the Punjab Cabinet on Monday decided to reduce the power tariff to domestic sector consumers having connected load up to 7 KW by Rs 3 per unit.
The Congress is offering 40 per cent reservation in tickets to women in the Uttar Pradesh assembly polls, because the party knows that it would not come to power in the politically crucial state anyway, Delhi Chief Minister and AAP national convener Arvind Kejriwal said here on Monday.
The Congress is closely watching former Punjab Chief Minister Amarinder Singh's moves and the leaders who have close ties with him. The state unit has been tasked to placate such leaders or arrange a meeting with the high command.
Authorities are worried that the rise of Taliban in Afghanistan may have had a role in the emergence of India as the newest hub not just for consumption but also for trafficking of a variety of drugs.
In a big relief to commuters, the Delhi Police have started removing barricades along the Tikri and Ghazipur borders, 11 months after these were installed to stop the farmers from Haryana and Uttar Pradesh entering the national capital.
Aam Aadmi Party (AAP) national convener and Delhi Chief Minister Arvind Kejriwal lashed out at the corruption, crime and mafia rule in Punjab on Friday. He announced that if his party forms the government in 2022, Punjab will be freed from criminals, the corrupt and inspector raj.
