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Which act was introduced in India in 2021 to regulate the cryptocurrency market?
Which act was introduced in India in 2021 to regulate the cryptocurrency market?
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Which act was introduced in India in 2021 to regulate the cryptocurrency market?
Cryptocurrency Regulation Bill
Digital Currency Act
Finance Bill
Blockchain Act
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The Cryptocurrency Regulation Bill was introduced in India in 2021 to regulate the cryptocurrency market.
Questions & Step-by-step Solutions
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Q
Q: Which act was introduced in India in 2021 to regulate the cryptocurrency market?
Solution:
The Cryptocurrency Regulation Bill was introduced in India in 2021 to regulate the cryptocurrency market.
Steps: 4
Show Steps
Step 1: Understand that the question is asking about a specific law related to cryptocurrency in India.
Step 2: Recall that in 2021, a law was proposed to manage and regulate cryptocurrencies.
Step 3: Identify the name of the law, which is the Cryptocurrency Regulation Bill.
Step 4: Conclude that the Cryptocurrency Regulation Bill was introduced in India in 2021 to regulate the cryptocurrency market.
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