Laws in the Making: Draft Anti Crypto Bill, 2019

Draft Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019.

Cryptocurrency is a type of virtual currency, which is not regulated by a central authority and is protected by cryptographic encryption techniques. Bitcoin, Ethereum, Ripple are a few notable examples of cryptocurrencies. As of February 2019, there were more than 2,000 cryptocurrencies across the world, with a market capitalisation of approximately USD 120 billion. However, there were growing concerns on the regulation of virtual currencies and a Committee was formed to suggest possible reforms. The Committee recommended that all private cryptocurrencies should be banned in India. Correspondingly, the Committee proposed a draft Bill banning cryptocurrency in the country.

Dr. P Pulla Rao, Economist
K A Badarinath, Senior Journalist
Virag Gupta, Advocate, Supreme Court
Vijay Pal Dalmia, Advocate, Supreme Court
Harshit Batra, Advocate, High Court

Anchor: Chakshu Roy

Post Author: CoinCryptoNews