So, Just a few weeks ago, a lot of news was going around concerning Cryptocurrency in India. Of course, this makes some newbies confused on what the whole matter is all about. So, we are now bringing you exclusive as regards the Cabinet Note On New #Crypto Bill In India.
Firstly, There’s Only A Change In The Name Of Legislation. So, From Cryptocurrency To Crypto Assets
Secondly, All private #Cryptocurrency Will Be REGULATED, But Not Banned
Thirdly, The Indian Government Does Not Want #Crypto To Go Into The Dark Net, MIDDLE PATH followed
Fourthly, Cryptocurrency In India Is To Be Regulated By SEBI. Notably, SEBI is the short form of Securities and Exchange Board of India. So, according to Wikipedia, The Securities and Exchange Board of India is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance, Government of India. Also, It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
Furthermore, The fifth point to note; Cryptocurrency Will NOT be Regulated As A Legal Tender
Lastly, RBI Digital Currency Is NOT clubbed with the new #crypto bill
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