Indian Cryptocurrency News

Will Indian govt ban cryptocurrencies or not? FM Sitharaman responds

Will Indian govt ban cryptocurrencies or not? FM Sitharaman responds

New Delhi: Finance Minister Nirmala Sitharaman during the ongoing Budget session of Parliament on Friday cleared her government’s stance on legalising cryptocurrency. In her statement she said that the government has sovereign right to tax profit made from cryptocurrencies’ transactions, and banning or not banning cryptocurrencies has nothing to do with

Indian govt not in a mood to recognise Bitcoin as a currency: FM Sitharaman

Indian govt not in a mood to recognise Bitcoin as a currency: FM Sitharaman

New Delhi: Responding to a question asked on Bitcoin in the Parliament on Monday, Finance Minister Nirmala Sitharaman saidC that the government has no proposal to recognise Bitcoin as a currency in the country. She also informed the house that the government does not collect data on Bitcoin transactions. Whether

RBI announces to give India its own digital currency to counter crypto

RBI announces to give India its own digital currency to counter crypto

Mumbai: Making a strong argument in favour of a central bank digital currency (CBDC) for India, the Reserve Bank of India (RBI) said that it is working towards a phased implementation strategy for its digital currency and examining use cases where it can be deployed with little disruption. The top bank