As India looks to rein in crypto, here's a look at how they're regulated across the world

• The Indian government is set to introduce a bill to ‘prohibit’ private cryptocurrencies.
• The bill will likely be introduced during the Winter Session of the Parliament.
• Here’s a look at how the rest of the world is regulating cryptocurrencies.

The Indian government is all set to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 during the Winter Session of Parliament scheduled to kick off on November 29.

The bill aims at formulating a framework for creation of a digital currency that will be regulated by the Reserve Bank of India (RBI) and prohibition of private cryptocurrencies in the country.

As India looks to reign in crypto currencies, here’s a look at the country’s earlier attempt to ban virtual currencies and how the rest of the world is regulating them.