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The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country.
According to a report from news outlet CNBC-TV18, the Indian government may take the “ordinance route” to ban the use of private cryptocurrencies in the country as well as create a regulatory framework for a digital rupee issued by the Reserve Bank of India. Passing the measures within the proposed crypto bill using this method would require the President of India, Ram Nath Kovind, to issue an ordinance when Parliament is not in session.
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