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.
Coinciding with the auspicious occasion of Guru Nanak Jayanti, Modi also announced that the constitutional process to repeal the laws would be taken up in the winter session of Parliament that begins on November 29 and appealed to the agitating farmers to withdraw their agitation and go back to their homes.
Prime Minister Narendra Modi on Thursday said the global trust earned by the Indian healthcare sector has led to the nation being called the "pharmacy of the world", in recent times.
Punjab Chief Minister Charanjit Singh Channi on Thursday urged the national governments of India and Pakistan to simplify the procedure for obtaining permission to pay obeisance at Gurdwara Sri Kartarpur Sahib.
The Chief Minister said in line with the scheme, eye camps would be organised throughout the state where the eye sight of the people would be thoroughly checked and those found suffering from the cataract problem would be operated upon after a period of 15 days.
A Delhi court on Thursday directed Delhi Police to file an Action Taken Report (ATR) on a petition seeking an FIR against Haryana Chief Minister Manohar Lal Khattar for his alleged controversial remarks against the protesting farmers.
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