Cryptocurrency Bill: Opposition Leaders Lash Out at Government After Reports of Bill to Ban All Private Cryptocurrency (Read Tweets)

The Indian government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday. Opposition leaders lashed out at the government after the reports of the bill to ban all private cryptocurrency.

Check out the tweets here:

Tehsin Poonawala retweets to oppn leader Priyanka Chaturvedi

Very well articulated @priyankac19 . "Banning #cryptocurrecy will Punish India." https://t.co/5TwEpMzEyS

— Tehseen Poonawalla Official 🇮🇳 (@tehseenp) November 24, 2021

Opposition leader Priyanka Chaturvedi shared Former RBI Governor D. Subbarao's advise

Former RBI Governor D. Subbarao makes an important point on banning crypto. His advise - regulate not ban, do not recognise it as a legal tender but asset class— like Japan, Singapore and Britain.

But no, the GoI is allergic to sound advise. pic.twitter.com/nByO8tvyMY

— Priyanka Chaturvedi🇮🇳 (@priyankac19) November 24, 2021

Abhishek Singhvi lashes out at government

After competently overseeing the rise of fuel, oils, fruits, vegetables & nearly all essentials, this government could not see some of its citizens making money through crypto trading. Therefore they are deciding to ban it.

— Abhishek Singhvi (@DrAMSinghvi) November 24, 2021

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