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In this Video, Mr.Anand Srinivasan speaks about why cryptocurrencies cannot be controlled with the regulations, The Indian government is likely to introduce a new bill to regulate cryptocurrencies in the country during next year’s Budget Session of Parliament in February. The draft, which was shared earlier this year, banned private cryptocurrencies and made way for the Reserve Bank of India to issue a central bank digital currency. However, with the number of cryptocurrency investors growing in the country along with a burgeoning ecosystem of blockchain applications, banning cryptocurrencies altogether may not be a wise move.
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