India To Propose Prohibiting All Private Cryptocurrencies

India is preparing a bill to regulate cryptocurrencies, which will be presented to parliament in the session starting Nov. 29. From a report: Prime Minister Narendra Modi's government proposes to help the central bank create an official digital currency, according to a description of the bill, posted on parliament's website Tuesday. "The bill also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses," the text reads.

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