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.
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The leaders have been demanding the arrest of Union Minister Ajay Kumar Mishra's son Ashish Mishra in connection with the death of farmers during the violence. Sidhu threatened to go on hunger strike if action is not taken against the minister's son by Friday.
The ministry said that all due protocols and norms relating to Covid-19, as notified by the Union Health Ministry from time to time, shall be adhered to by the foreign tourists, the carriers bringing them to India and all other stakeholders at the landing stations.
Tamil Nadu farmers association Deputy Secretary, P.S. Masilamani, who had participated in the farmers' agitation in New Delhi, told IANS that the farmers of Cauvery delta are "disturbed and outraged by the mowing down of fellow farmers and we are conducting peaceful protest marches in solidarity with the farmers of Lakhimpur Kheri."
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Farmers allege that the minister's son was in one of the cars that mowed the farmers. Ashish has been named in the FIR lodged in connection with the incident under IPC Section 302 (murder).
