Post
Topic
Board Bitcoin Discussion
Re: Is INDIA going to BAN Bitcoin Again?
by
blckhawk
on 02/02/2021, 10:50:45 UTC
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”.

Here is the source:
https://www.hindustantimes.com/india-news/govt-to-introduce-bill-for-banning-cryptocurrencies-here-s-what-you-need-to-know-101612007129123.html

Comment your opinions here.
Oh, I see what is their intentions why they are planning to ban crypto again. According to the news, the objective of the bill is to ban all private cryptocurrencies including Bitcoin at the same time the Reserve Bank of India is planning to create their own digital version of Rupee. Basically, they all want is to eradicate the use of crypto so that their created digital currency will have no competition. I heard a lot of news regarding this matter way back a couple of years but still, nothing happens, this time is kinda different though, I hope that this isn't true because we know how big India is and that will be a big impact on the crypto world.