Highlights
Indians have invested around $1.5 billion or Rs 10,000 crore in digital coins.
RBI Governor said that the Central bank digital currency is a work in progress.
If you are scared that all your crypto investments will vanish into thin air as soon as the government brings legislation to ban private digital currencies, then we have good news. The Indian government is reportedly looking to offer an exit window to all crypto holders so that they can square off their investments.
In inter-ministerial discussions, lawmakers have reportedly discussed granting investors an exit window of 3-6 months before completely banning the trading, mining and issuing of cryptocurrencies in India with the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.