Both the Government of India and the Reserve Bank of India (RBI) are working together with the Bank of Switzerland, how should we bring regulation on cryptocurrency, so today we will know about this, first of all, you will know about it. Know that the winter session of Parliament is going on, which was to run till 23 December 2021 but has been ended on 22 December 2021.
One of the benefits of which is to the crypto investor, that now the crypto bill will not come because now the session of the parliament is over, then the crypto bill will not come, now it is estimated that this crypto bill will come on February 2022.
Now there is a piece of good news for crypto investors that the market is now starting to be the same, now everything will be as before, now the market is seen going up very fast, after which now all the investors have started investing in which the most There is a boom in bitcoin
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Know whether the bill is likely to come in 2021
A bill on cryptocurrency is unlikely to come up in the current winter session of Parliament. There is still a lot of discussions to be done on this issue. According to the information received from the sources, the crypto bill will not come until it is discussed and considered in its entirety. Sources say that the government is not in any hurry regarding crypto. Let us tell you that earlier this bill was included in the session i.e. monsoon session.
Prime Minister Narendra Modi had recently held a meeting with several top officials regarding cryptocurrency and asked to take strict steps to deal with this issue soon. Apart from this, RBI is also taking a strict stand regarding this. The Governor of the Reserve Bank has called it a big threat.
what is cryptocurrency
It starts with the financial crisis of 2008. When people lost their trust in the banking system. In 2009, a Japanese scientist Satoshi Nakamoto invented bitcoin. At that time no one knew what it was. Then it was called cryptocurrency. Crypto means secret in the Greek language.
There are more than 8 thousand cryptocurrencies in the world today. Although in today’s time the famous bitcoin is only. Now questions must be arising in your mind about bitcoin? Let’s get to know this first.
What is the government’s plan towards bitcoin?
If sources are to be believed, the cryptocurrency law will not be introduced in Parliament during the winter session that ends on December 23. There is no mention of the bill in the agenda of both the houses of Parliament. According to sources, the cryptocurrency bill is still in the works, and the government is still finalizing the regulatory provisions.
read more- Four things to know before investing money
What is in 2022, the real problem before the government
There is controversy in the industry over the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The reason for this is a comment on the website of the Lok Sabha regarding the bill, which states that it aims to ban all private cryptocurrencies in India.
But some exemptions have been allowed in this for promoting technology and its use. In recent days, the prices of major cryptocurrencies in the country have seen significant volatility, as investors await a clearer picture of regulation.
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