The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.
There are reports coming out that the stupid government is coming out with a bill to ban private cryptocurrencies, but one thing i cannot understand is that you cannot term bitcoin as a private cryptocurrency if they are aiming for bitcoin, it is a decentralized currency and there is a major difference between the two.
I am well aware that the present Indian government will not do anything positive that will help anyone expect the corporate houses that put them in power, so this is not a big surprise.