{"id":3988,"date":"2024-06-14T00:20:10","date_gmt":"2024-06-14T00:20:10","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3988"},"modified":"2024-06-14T00:20:10","modified_gmt":"2024-06-14T00:20:10","slug":"cryptocurrency-and-regulation-of-official-digital-currencybill-2021","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/cryptocurrency-and-regulation-of-official-digital-currencybill-2021\/","title":{"rendered":"Cryptocurrency and Regulation of Official Digital Currency\nBill, 2021"},"content":{"rendered":"<p>The  and Regulation of Official Digital Currency Bill, 2021 is expected to be taken up for final consideration and passing during the winter session of the parliament, which is scheduled to start from November 29, 2021.<\/p>\n<p>The bill seeks to prohibit all private cryptocurrencies in India, with some exceptions.<\/p>\n<p>This bill is among26 new Bills, out of total of 29 Bills in the governments legislative agenda.<\/p>\n<p>With Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, government seeks to create a facilitative framework for creation of official digital currency that will be issued by the Reserve <a href=\"https:\/\/exam.pscnotes.com\/bank-of-india\">Bank Of India<\/a>.<\/p>\n<p>Cryptocurrency is the collection of binary data, that works as a medium of exchange. Cryptocurrency does not exist in physical form. It is not issued by a central authority and use decentralized control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The and Regulation of Official Digital Currency Bill, 2021 is expected to be taken up for final consideration and passing during the winter session of the parliament, which is scheduled to start from November 29, 2021. The bill seeks to prohibit all private cryptocurrencies in India, with some exceptions. This bill is among26 new Bills, &#8230; <a title=\"Cryptocurrency and Regulation of Official Digital Currency\nBill, 2021\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/cryptocurrency-and-regulation-of-official-digital-currencybill-2021\/\" aria-label=\"Read more about Cryptocurrency and Regulation of Official Digital Currency\nBill, 2021\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[982],"class_list":["post-3988","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-24-11-21"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cryptocurrency-and-regulation-of-official-digital-currencybill-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency and Regulation of Official Digital Currency Bill, 2021\" \/>\n<meta property=\"og:description\" content=\"The and Regulation of Official Digital Currency Bill, 2021 is expected to be taken up for final consideration and passing during the winter session of the parliament, which is scheduled to start from November 29, 2021. The bill seeks to prohibit all private cryptocurrencies in India, with some exceptions. This bill is among26 new Bills, ... 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The bill seeks to prohibit all private cryptocurrencies in India, with some exceptions. This bill is among26 new Bills, ... 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