RBI Central Board Discuss Digital Currency And Cryptocurrency In Lucknow. Know Details Here

RBI On Digital Currency & Cryptocurrency: On one hand, the government is preparing to introduce Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to crack down on cryptocurrencies in the current winter session of Parliament. Meanwhile, in the meeting of the Central Board of the Reserve Bank of India, there have been extensive discussions regarding digital currency and cryptocurrencies.

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Discussion on digital currency, private crypto currency

RBI has issued a statement saying that an important meeting of the board of RBI has been held in Lucknow under the chairmanship of Governor Shaktikanta Das, in which different aspects of Central Bank Digital Currency and Private Cryptocurrency (Private Cryptocurrency) have been discussed. has been discussed. RBI has also reviewed the domestic and global economic situation in this meeting. In which the challenges and measures to deal with them have also been discussed in detail. RBI’s half yearly income statement ended on 30 September was also discussed in this meeting.

RBI preparing to introduce digital currency
In fact, the government has informed the Parliament that in October 2021, the government has received a proposal from the RBI to amend the Reserve Bank of India Act, 1934. Through this amendment, it is proposed to expand the definition of bank note to introduce digital currency. In fact, the RBI is thinking deeply on the ways to start the Central Bank Digital Currency in a phased manner without any hindrance.

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RBI Against Crypto

Although RBI is totally against cryptocurrencies. RBI Governor Shaktikanta Das has described cryptocurrencies as a threat to the economic and financial stability of the country.

Doubts about cryptocurrency bill

However, there is only a week left for the winter session of Parliament to end, but there is doubt about whether the government will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in this session as it is yet to be approved by the cabinet. Has been sent.


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