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The budget session of parliament is all set to introduce a new bill that bans private cryptocurrencies and provides for an official digital currency.
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Many altcoins have also declined on the news. Crypto trading never completely died in india, despite the rbi payments ban. Law firm khaitan and co has suggested that changes should be made to the foreign exchange management act, 1999, to help the crypto sector. It is held in two phases; All eyes are on what the government of india will the news outlet elaborated:
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Before the most recent announcement, the indian government had previously issued several.
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