It looks like India is planning to introduce a law to ban cryptocurrencies like Bitcoin and provide a framework for the creation of an official CBDC.

The framework will be decided during the current budget session of the parliament.

No To Private Crypto. Yes To Blockchain

An agenda was published on the lower house website that stated a law would be introduced to “prohibit all private cryptocurrencies in India.” However, certain exceptions will be made to promote the…

… Continue Reading at: cryptodaily.co.uk [source]