New Delhi: If you also like to invest in cryptocurrencies or invest money in it, this news is going to be of great use to you. In fact, the India government is soon going to completely ban cryptocurrencies. The Central Government is scheduled to introduce 26 new bills, including three ordinances, in the winter session of Parliament, which begins on November 26. This information was received from the Legislative Agenda released for the winter session on Tuesday evening.
The most common lying bill is the cryptocurrency bill. Is the Modi government going to ban cryptocurrencies, or allow trading in it with certain restrictions? All this will be cleared only after the bill comes in. The cryptocurrency bill is called 'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021'.
If it's banned, know what will happen to your cryptocurrency?: Let us tell you what will happen to cryptocurrency if the government decides to ban it? It is being said that the bill could become a new problem for those investing in other cryptos, including Bitcoin. He has said that if the government decides to ban crypto, transactions between the bank and your crypto exchanges will stop. You won't even be able to change your local currency to buy a crypto. At the same time, you won't be able to cash in on them.