Debalina Mandal (Intern Journalist) New Delhi: The Government drafted a new bill of cryptocurrency that has put an end to the Indian Companies and Individuals from using digital money.
The new Cryptocurrency and Regulation of Official Digital Currency Bill is expected to be introduced in 2021 during the onion budget session in the parliament.
Penalties have been proposed on the draft if traders, individuals, companies, and other financial systems violate the law.
The draft has been decided after an inter-ministerial penal including the Reserve Bank of India, felt that cryptocurrencies can be a risk for the financial stability of the country.
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