Many were relieved to hear that the government was bringing in law on cryptocurrency. But the opposite happened.

The cryptocurrency business is in turmoil. Looking at the occasional coming news it seems that this confusion will continue.

When we spin the coin on the floor below, it drops depending on the weight of the coin and how flat the ground is.

Bitcoin is also the condition of that coin currently spinning. We don’t know how long this coin will whirl.

Two things confirmed

From the explanation given by the government in the agenda of the parliament for introducing the cryptocurrency bill, it is clear that two things are going to happen to us here depending on the name of this bill.

One is to impose a ban on private cryptocurrency, and the other is to determine what the government digital currency from the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india is and how it operates.

Because, as soon as the bill is passed, that is, the next month the Reserve bank will start testing its currency pilot. Preparations are underway for this.

Here is another key question. What are the steps to prevent private cryptocurrency? What is considered a private cryptocurrency? 

What are the cryptocurrencies available for government exemption as per the details given in the table of contents of the bill? On what basis are these exemptions granted?

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