Cabinet note proposes private crypto to be regulated , not banned

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  • A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it.
  • The government had said that it has received a proposal from the RBI to include digital currency under the definition of a ‘bank note’.
  • CBDCs – digital or virtual currency – is the digital version of fiat currencies rupee in India.

[Via]