Mentor’s comment- https://www.livemint.com/opinion/online-views/the-fate-of-cryptos-and-divergence-in-regulatory-views-11637860607641.html In the intro, mention the approach taken to virtual currencies in announcements made by Beijing and European government. In the body, mention the provision of the bill seeking to introduce CBDC and prohibition of cryptocurrencies. Next mention the challenges in prohibition such as decentralised nature and stifling the growth of blockchain technology … Continue reading Q.3 As the government seeks to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, examine the need for regulation of the cryptocurrencies and challenges in its regulation. (10 Marks)