Govt moving to ban all private CRYPTO

The Bill to ban all private cryptocurrencies and facilitate introduction of the Central Bank Digital Currency (CBDC) tops the government’s busy agenda for the Winter Session of Parliament.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 along with the Banking Laws (Amendment) Bill, 2021, that paves the way for privatisation of two public sector banks, the PFRDA (Amendment) Bill, 2021 that fulfils the Budget 2019 announcement on separation of the National Pension System Trust from the pension regulator and the Bill to repeal all the three farm laws are among the most significant of the total 26 Bills listed for debate and passage by the government in the upcoming session.