{"id":35617,"date":"2021-01-30T09:39:58","date_gmt":"2021-01-30T07:39:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35617"},"modified":"2025-08-29T02:08:49","modified_gmt":"2025-08-28T23:08:49","slug":"indian-parliament-to-consider-bill-banning-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-parliament-to-consider-bill-banning-cryptocurrencies\/","title":{"rendered":"Indian Parliament to consider bill banning cryptocurrencies"},"content":{"rendered":"<p>During the upcoming budget session, the Indian Parliament will consider the government-proposed bill to ban cryptocurrencies. <a href=\"https:\/\/www.coindesk.com\/india-would-ban-private-cryptocurrencies-under-proposed-legislation\" target=\"_blank\" rel=\"noopener noreferrer\">CoinDesk<\/a> reports.<!--more--><\/p>\n<p>The bill seeks to ban all cryptocurrencies and develop a regulatory framework for the creation of an official digital currency issued by the Reserve Bank of India. The document provides some exemptions intended to promote the underlying blockchain technology.<\/p>\n<p>If the bill is enacted, India will become the largest Asian country to ban cryptocurrencies rather than regulate them.<\/p>\n<p>In April 2018, the Reserve Bank of India prohibited its supervised entities from providing services related to cryptocurrencies to individuals and companies. In March 2020, the Supreme Court overturned the ban.<\/p>\n<blockquote>\n<p>&#8220;As the government considers presenting this bill in this session of Parliament, we are confident that authorities will surely heed the views of all stakeholders before taking any decision,&#8221; said the CEO of the Mumbai-based exchange CoinDCX.<\/p>\n<\/blockquote>\n<p>The Reserve Bank of India <a href=\"https:\/\/u1f987.com\/en\/news\/india-weighs-launch-of-its-own-digital-currency\">began to study the potential of the digital rupee<\/a>.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the upcoming budget session, the Indian Parliament will consider the government-proposed bill to ban cryptocurrencies. CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":35618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1305,278],"class_list":["post-35617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-ban","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35617"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35617\/revisions"}],"predecessor-version":[{"id":35619,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35617\/revisions\/35619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35618"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}