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.
DGP Dinkar Gupta said with the case load decreasing, people had started being lax about wearing masks, which the Health Department should strictly enforce with the help of the police.
Additional Chief Secretary Devendra Singh and Deputy Commissioner of Karnal Nishant Yadav are participating in the meeting. From the farmers side, BKU president Gurunam Singh Chaduni and the state leadership will present their demands.
Bharatiya Kisan Union (BKU) leader Balbir Singh Rajewal told the media here after the day-long deliberations with the political parties, except the BJP, that they had told the political parties not to hold big rallies till elections in the state are announced.
Naqvi further stated that the long-pending demand of Kartarpur Corridor has been fulfilled and the government has also decided to start the 'Gurudwara circuit train' that will take passengers on a pilgrimage across the country.
Bharatiya Kisan Union leader Rakesh Tikait on Wednesday announced that they will continue the peaceful protest here and will not obstruct any official day to day activities. He said that farmers across the state will continue the agitation on the lines of ongoing protests at the Delhi borders.
