Recent legislative proposals by India’s government are not seeking to ban cryptocurrency outright, but rather create a legislative framework to regulate it as a security while prohibiting it as a payment method and instead promoting an Indian Central Bank Digital Currency (CBDC). The bill, titled the “Cryptocurrency & Regulation of Official Digital Currency Bill 2021” is identical to one proposed in Parliament last year in New Delhi. “This bill actually facilitates the allocation of a budget for the creation of a fiat cryptocurrency called the digital Rupee and creates the infrastructure required for mass ... (full story)