Indian govt. today presented much waited for cryptocurrency and regulation of official digital currency costs 2021 to help with a structure to create an official digital currency to be provided by Reserve Bank of India (RBI). The bill also seeks to prohibit all sorts of personal cryptocurrencies and permit just the ones that are required for promotion of underlying innovation. India Takes Next Step Towards Crypto Adoption
Guideline of cryptocurrency in India has been a topic of dispute with RBI taking rigorous actions sometimes including limitation to purchase cryptocurrencies through checking account. But, with passing time Bitcoin and cryptocurrencies have taken a substantial leap in terms of institutional adoption specifically in 2020-21.