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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
New Delhi: While the government is keen to introduce a bill on cryptocurrency, Union Finance Minister Nirmala Sitharaman on Friday said that regulating cryptocurrency will have to be a collective effort as the technology is constantly evolving and changing. “The regulation both executive and legislative only doing catching up with
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
New Delhi: While the Indian government is preparing a bill to regulate cryptocurrencies in its market, speculations are rife that the Centre will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda which will be presented to parliament in the Winter session starting
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
