Govt to ban cryptocurrencies, get ready for India’s own digital currency issued by RBI

  • Govt to ban cryptocurrencies, make way for India’s own digital currency.
  • The government is set to introduce a bill to ban private cryptocurrencies and create a framework for an official digital currency to be issued by the Reserve Bank of India during Parliament’s Winter Session starting November 29.
  • RBI said in July it was working towards its own digital currency and the Central Bank Digital Currency.
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