It is not clear when the government will introduce the bill. The finance minister, responsible for introducing the bill in parliament, has refused to announce a time frame, saying consultations are ongoing. Only the cryptocurrency issued by the Reserve Bank of India (India’s central bank) – i.e., the digital rupee – will be a legal currency or legal tender. In other words, you could buy groceries only with the digital rupee and not ether, bitcoin or any other cryptocurrency.
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