cryptocurrency: India s cryptocurrency bill catches industry off-guard; investors nervous – The Economic Times
MUMBAI: India s cryptocurrency community was swept by a wave of nervousness and confusion after the government on Friday said it would introduce a bill in Parliament to aid creation of a sovereign digital currency by the Reserve Bank of India and ban all private cryptocurrencies.
The bill seeks to prohibit all private cryptocurrencies in India. However, it would allow certain exceptions to promote the underlying technology of cryptocurrency and its uses, the government said in its remarks on the bill.