New cryptocurrency bill seeks to ban private players
3 years, 1 month ago

New cryptocurrency bill seeks to ban private players

The Hindu  

The Union Government will introduce a Bill to regulate cryptocurrency and ostensibly ban all private cryptocurrencies, along with 25 other pieces of legislation, in the winter session of Parliament that begins on November 29. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which is yet to be officially approved by the Cabinet, seeks to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India. When Prime Minister Narendra Modi chaired a meeting on November 13, to assess the regulatory prospects for cryptocurrencies with the top brass of the central bank and the Ministries of Home Affairs and Finance, a consensus was reached to stop ‘attempts to mislead the youth through over-promising and non-transparent advertising’ It was also resolved that unregulated crypto markets cannot be allowed to become avenues for money laundering and terror financing. Last Monday, when the Standing Committee on Finance met cryptocurrency stakeholders, industry representatives agreed with the need for regulation of the crypto market but were unable to answer several questions raised by parliamentarians. Apart from the proposed cryptocurrency law, the government has also listed a Bill to repeal the three contentious farm laws of 2020, as promised by Prime Minister Modi last Friday, after they had triggered an year-long protest from a section of farmers.

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History of this topic

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
1 year, 10 months ago

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Firstpost  

Cryptocurrencies have been gaining momentum worldwide for the past two years, making big headlines. Tax on VDAs The Union Budget of India in 2022 has introduced a system of taxation on virtual digital assets with a 30 percent tax on gains and 1 percent on Tax Deducted at Source. Need for a progressive approach to taxation The crypto industry is …

Electricity Amendment Bill may be pushed for passage in Winter Session of Parliament
2 years, 3 months ago

Electricity Amendment Bill may be pushed for passage in Winter Session of Parliament

Deccan Chronicle  

New Delhi: The power ministry is likely to be able to bring the Electricity Amendment Bill 2022 for consideration and passage in the Winter Session of the Parliament towards the year end, suggested Power Minister R K Singh. The Electricity Amendment Bill 2022 which seeks to create competition in the power distribution sector by providing consumers with options to chose …

What is the Electricity Amendment Bill 2022? Why has it led to protests across India?
2 years, 4 months ago

What is the Electricity Amendment Bill 2022? Why has it led to protests across India?

Firstpost  

State employee groups are worried about major disadvantages to government discoms, job losses and a few private companies establishing a monopoly in the power sector. ‘Claim of multiple choice misleading’ The All India Power Engineers Federation chairman Shailendra Dubey on Saturday said the claim of providing a choice of multiple service providers to power consumers in the Electricity Amendment Bill …

Bill to privatise electricity in LS, is sent to Parliamentary panel
2 years, 4 months ago

Bill to privatise electricity in LS, is sent to Parliamentary panel

Deccan Chronicle  

New Delhi: The government on Monday introduced the controversial Electricity Bill 2022 in the Lok Sabha and referred it to the parliamentary standing committee amid vociferous protests by the Opposition. Power minister R.K. Singh introduced the Bill and urged Lok Sabha Speaker Om Birla to refer it to a parliamentary standing committee for wider consultations to address the concerns raised …

NY bill aims to limit crypto miners using fossil fuel-generated power
2 years, 6 months ago

NY bill aims to limit crypto miners using fossil fuel-generated power

The Hindu  

The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin, but Governor Kathy Hochul's office on Monday said she had not yet decided whether to sign it. Cryptocurrency mining requires a lot of electricity to power computer systems that …

Cryptocurrency tax, bill in India: What we know so far
2 years, 9 months ago

Cryptocurrency tax, bill in India: What we know so far

India Today  

The cryptocurrency tax and proposed regulation bill have been a topic of discussion among investors and stakeholders in India for sometime. The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing the set off of any losses with gains from other virtual digital assets, according to a PTI report. FINANCE BILL, 2022 As per the …

Cryptocurrency to be banned in India? What we know so far
2 years, 10 months ago

Cryptocurrency to be banned in India? What we know so far

India Today  

The question over the legality of cryptocurrencies in India has garnered eyeballs, especially after the government's move to tax virtual digital assets. Apart from providing clarity on taxation on virtual digital assets, Union Finance Minister Nirmala Sitharaman and top officials of the government have given statements on the future of cryptocurrency in the country. The proposed bill TAXATION ON VIRTUAL …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
2 years, 10 months ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

Cryptocurrencies not legal right now in India, says Union minister Bhagwat Karad
2 years, 10 months ago

Cryptocurrencies not legal right now in India, says Union minister Bhagwat Karad

India TV News  

Highlights The RBI and the Union government have not given any sort of recognition to cryptocurrencies The Centre had cut prices on petrol and diesel by Rs 5 and Rs 10 respectively 30 per cent tax has been proposed in the Union Budget on cryptocurrency gains Union Minister Bhagwat Karad on Saturday said cryptocurrencies are not legal in the country …

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies
2 years, 10 months ago

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies

India Today  

Finance Minister Nirmala Sitharaman on Friday said that a decision on "banning or not banning" cryptocurrencies will be taken after consultations. She also said that the government's move to levy a 30 per cent tax on gains from cryptocurrencies has nothing to do with the legality of private digital currencies in the market. "Banning or not banning cryptocurrencies will come …

Cryptocurrency Bill unlikely to be introduced in upcoming Budget session
2 years, 11 months ago

Cryptocurrency Bill unlikely to be introduced in upcoming Budget session

India Today  

The government is unlikely to bring the bill related to the cryptocurrency in the upcoming Budget session. CRYPTO BILL UNLIKELY IN BUDGET SESSION The cryptocurrency bill may not be introduced in the Budget session of Parliament, according to a senior finance ministry official who spoke to ET. The much-awaited bill seeks to "create a facilitative framework for the creation of …

As of 2021, Over 50 Countries Have Bans on Cryptocurrency
2 years, 11 months ago

As of 2021, Over 50 Countries Have Bans on Cryptocurrency

News 18  

Cryptocurrencies gained extraordinary popularity in 2021. In May 2021, the Asian country decided to ban Chinese financial institutions from providing services relating to cryptocurrencies. According to the Law Library of Congress report of November 2021, 51 countries have taken the step of banning cryptocurrencies, either implicitly or absolutely. In its report, the Law Library of Congress lists 103 countries that …

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban
3 years ago

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban

India TV News  

With India preparing to introduce the much-anticipated Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the ongoing Winter Session of the Parliament, all eyes are on what will happen to the investors' hard-earned money once the ban on all private cryptocurrencies comes into effect. Although Finance Minister Nirmala Sitharaman informed the Parliament that the government has no proposal …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

Controlling the crypto genie
3 years ago

Controlling the crypto genie

The Hindu  

Elon Musk may be the real crypto piper, for cryptocurrencies dance to his tunes. Editorial | Regulation, not ban: on cryptocurrencies At one extreme we have China which has almost banned cryptocurrencies and introduced its own centrally regulated digital currency called Digital Renminbi. While many parts of the world are planning to clip the wings of cryptocurrencies, El Salvador is …

Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM
3 years ago

Cryptocurrency Bill: Govt to Bring a New Crypto Bill, Previous Bill Reworked, Says FM

News 18  

Clearing all the doubts and panic among investors regarding the upcoming cryptocurrency bill, finance minister Nirmala Sitharaman said on Tuesday that the government is working on a new bill to regulate cryptocurrency in India. While replying in Rajya Sabha, Sitharaman said, “There were other dimensions and the bill had to be reworked and now we are trying to work on …

'Crypto Bill Description on Banning Private Crypto Was a Mistake': Ex-Fin Secy who Drafted Bill
3 years ago

'Crypto Bill Description on Banning Private Crypto Was a Mistake': Ex-Fin Secy who Drafted Bill

News 18  

With the winter session of the Parliament officially kick-starting, I sat down with Subhash Garg, the former finance secretary who drafted the Crypto Bill to understand what has changed from 2019 to now. The description of the listed bill – The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 said that all private cryptocurrencies will be banned and that …

Regulation, not ban: on cryptocurrencies
3 years ago

Regulation, not ban: on cryptocurrencies

The Hindu  

Eight years after the RBI issued its first advisory cautioning holders of virtual currencies about the potential financial and security risks, and two years after drafting a Bill to ban cryptocurrencies, the Government is set to introduce legislation that would, if passed, officially proscribe such currencies. Prime Minister Narendra Modi had in a video address to the Sydney Dialogue earlier …

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman
3 years ago

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

The Hindu  

The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. The uncertainty around cryptocurrency In reply to another question, Ms. Sitharaman said, Ministries and Departments have spent ₹2.29 lakh crore as capital expenditure during the April-September period of the current fiscal. National …

No proposal to recognise Bitcoin as a currency: FM Sitharaman
3 years ago

No proposal to recognise Bitcoin as a currency: FM Sitharaman

Live Mint  

In a reply to a question asked on Bitcoin in the Parliament on Monday, Finance Minister Nirmala Sitharaman said that the government has no proposal to recognise Bitcoin as a currency in the country. This comes as the government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The …

Some cryptocurrency firms in India see dip in new customer sign-ups
3 years ago

Some cryptocurrency firms in India see dip in new customer sign-ups

India Today  

Indian cryptocurrency exchanges have witnessed a drop in the number of new individuals signing up on their platforms in light of the new cryptocurrency bill, which will be tabled during the Winter Session of Parliament. Potential cryptocurrency investors are staying put at the moment, due to a growing buzz that the government is planning to ban private cryptocurrencies with the …

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact
3 years ago

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact

ABP News  

New Delhi: Everyone speculating a ban on cryptocurrencies in India may take it easy as the government is set to introduce a Bill in the upcoming winter session of Parliament which, if passed, will only ban the ‘private’ digital currencies. Investors trading in Bitcoin, Ethereum, and the likes may not be worried because these are public blockchain-based cryptocurrencies, which offer …

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban
3 years ago

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban

News 18  

The central government earlier this week officially expressed its intention to introduce a Bill aimed at prohibiting private cryptocurrencies in India. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrency. The much-anticipated cryptocurrency Bill will probably ban all private cryptocurrencies in India, but this will not be a blanket ban as per sources. …

The uncertainty around cryptocurrency
3 years ago

The uncertainty around cryptocurrency

The Hindu  

The story so far: A bill that the Centre is set to introduce in the Winter Session of Parliament has got investors in cryptocurrencies worried. THE GIST A bulletin released by the Government on Wednesday stated that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will “create a facilitative framework for creation of the official digital currency to …

Cryptocurrency ban in India: What are Private coins? All you need to know
3 years ago

Cryptocurrency ban in India: What are Private coins? All you need to know

India TV News  

Highlights Govt will table Cryptocurrency and Regulation of Official Digital Currency Bill in Parliament. Meanwhile, Speaking to India Tv on private cryptocurrencies, Hitesh Malviya, founder of ItsBlockchain, said 'banning such privately owned cryptocurrencies is a good move." In my understanding, bitcoin, ethereum, and other popular cryptocurrencies are not controlled or managed by any private entities, transactions are on the public …

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path
3 years, 1 month ago

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path

News 18  

India is all set to bring in new rules to regulate cryptocurrency as the Union government plans to introduce a Bill to ban all private cryptocurrencies in the upcoming winter session of Parliament. As per the Lok Sabha Bulletin released on Tuesday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to create a facilitative framework for the …

Proposed bill on Cryptocurrencies may Prohibit Private Crypto but RBI may have Power to Give Exemption
3 years, 1 month ago

Proposed bill on Cryptocurrencies may Prohibit Private Crypto but RBI may have Power to Give Exemption

News 18  

Proposed bill on cryptocurrencies likely to have the provision to prohibit all private cryptocurrencies but Reserve Bank of India may get the power to give exemption and issuing a digital rupee, according the top sources. According to the sources proposed bill — The Cryptocurrency and Regulation of official Digital Currency Bill, 2021-may have the provision under which “”No person shall …

Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins
3 years, 1 month ago

Union Budget 2022: The Rise of RBI-backed Digital Rupee and Stablecoins

News 18  

For several months, my stand on cryptocurrencies, assets, and exchanges has been unambiguous and unwavering — that they should be banned outright, without further ado or delay; instead, a comprehensive regulatory framework should be built around the Central Bank Digital Currency. Finance Minister Nirmala Sitharaman in her Budget speech announced that India’s very own digital rupee backed by blockchain technology …

Spotlight on ‘private cryptocurrencies’ as debate surrounds new Bill
3 years, 1 month ago

Spotlight on ‘private cryptocurrencies’ as debate surrounds new Bill

Hindustan Times  

Cryptocurrency regulation will be up for discussion in the winter session of Parliament, which starts on November 29. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 comes up days after the Reserve Bank of India again warned that cryptocurrencies pose concerns surrounding financial stability. Would be good to see what the definition of ‘private’ is and how it …

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
3 years, 1 month ago

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources

News 18  

The central government may not go for a blanket ban on cryptocurrency in India, according to sources. The much-awaited cryptocurrency bill is likely to prohibit all the private cryptocurrencies in India, with certain exceptions, according to the bulletin mentioned in the Lok Sabha website. Tax on Cryptocurrency Cryptocurrencies are not taxed in India currently, but taxpayers do need to declare …

EXPLAINED: Where India Stands On Cryptocurrencies, What New Bill Will Mean For Bitcoin And Company
3 years, 1 month ago

EXPLAINED: Where India Stands On Cryptocurrencies, What New Bill Will Mean For Bitcoin And Company

News 18  

Another of the notorious price swings cryptocurrencies are known for was underway amid news that the Centre is set to introduce a Bill in Parliament that seeks to crack down on these unregulated assets in India, which has one of the largest crypto-ownership bases in the world. Reports suggest that the cryptocurrency Bill missed out on introduction in Parliament during …

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder
3 years, 1 month ago

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder

News 18  

Cryptocurrency Ban in India: The Indian cryptocurrency market has gone into a frenzy ever since the government’s plan to regulate these digital assets during the upcoming winter session of the Parliament came into the play. On Wednesday, a day after the government’s plan surfaced, cryptocurrency prices have crashed and investors are worrying with just one question in their heads — …

Is Cryptocurrency Legal in India? Crypto Bill, Private Cryptos, all Questions Answered
3 years, 1 month ago

Is Cryptocurrency Legal in India? Crypto Bill, Private Cryptos, all Questions Answered

News 18  

With more and more people investing in popular Bitcoin and relatively lesser know Shiba Inu, all thanks to Elon Musk probably, cryptocurrency craze has indeed gripped India. While new age investors, especially millennials, taking to crypto with such gusto, the million dollar question is right now — is cryptocurrency legal in India? To mend this lack of regulatory framework in …

What if India bans circulation of cryptocurrency? What Zerodha founder says
3 years, 1 month ago

What if India bans circulation of cryptocurrency? What Zerodha founder says

Live Mint  

Amid concerns over cryptocurrency, the government is set to introduce “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" in the winter session of Parliament beginning 29 November for consideration and passing. Zerodha co-founder Nikhil Kamath took to Twitter to enquire about what will happen to cryptocurrency in circulation if the govt decides to ban it. A 100 years …

Centre To Introduce Bill To Ban Private Cryptocurrencies In India & Create Official Digital Currency
3 years, 1 month ago

Centre To Introduce Bill To Ban Private Cryptocurrencies In India & Create Official Digital Currency

Live Law  

The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session of Parliament. The Bill The Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming winter session of Parliament. "When the consistent stand of RBI is that they have …

Govt to move bill in Parliament to ban crypto-currencies
3 years, 1 month ago

Govt to move bill in Parliament to ban crypto-currencies

Live Mint  

Days after Reserve Bank of India governor Shaktikanta Das sounded alarm on crypto-currencies warning very serious risk it poses for macro economy and financial stability of the country, the government’s legislative agenda for the upcoming winter session of Parliament showed it plans to ban private crypto-currencies such as bitcoin. Government is set to introduce “The Cryptocurrency and Regulation of Official …

Govt to Introduce Cryptocurrency Bill in Winter Session of the Parliament
3 years, 1 month ago

Govt to Introduce Cryptocurrency Bill in Winter Session of the Parliament

The Quint  

Prime Minister Narendra Modi had on 13 November chaired a high-level meeting on cryptocurrencies and related issues. IANS had quoted sources as saying that the meeting was an outcome of a consultative process as the Reserve Bank of India, the Finance Ministry, and the Home Ministry had carried out an elaborate exercise on the issues, besides consulting experts from across …

Government to introduce Cryptocurrency bill and seek ban on all private cryptos with few exceptions
3 years, 1 month ago

Government to introduce Cryptocurrency bill and seek ban on all private cryptos with few exceptions

India Today  

The government is set to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament. The bill seeks to ban all private cryptocurrencies with ‘few exceptions’, the official document shared by the government says. The government was planning to ban all cryptocurrencies last year and was even planning to introduce a bill during …

Government unlikely to ban Bitcoin and other cryptocurrencies, finding middle path
3 years, 1 month ago

Government unlikely to ban Bitcoin and other cryptocurrencies, finding middle path

India Today  

The Indian government was really close to imposing a blanket ban on cryptocurrencies last year. According to a report by Economic Times, the government is now considering making cryptocurrencies a digital asset and introducing regulations to safeguard investors. The government believes that Indian investors have put large volumes of investments in cryptocurrencies to outrightly ban them. If the bill is …

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects
3 years, 2 months ago

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects

The Quint  

"All the illegal financial activities are strictly banned and will be eliminated in line with laws," said the PBC, noting that those who committed crimes by engaging in relevant illegal financial activities shall be prosecuted for liabilities. The meeting signalled that a further crackdown on virtual currency trading and mining activities is part of efforts to fend off financial risks …

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects
3 years, 2 months ago

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects

The Quint  

"All the illegal financial activities are strictly banned and will be eliminated in line with laws," said the PBC, noting that those who committed crimes by engaging in relevant illegal financial activities shall be prosecuted for liabilities. The meeting signalled that a further crackdown on virtual currency trading and mining activities is part of efforts to fend off financial risks …

India's Crypto Quandary
3 years, 4 months ago

India's Crypto Quandary

Live Law  

The recent boom in the cryptocurrency industry worldwide has encouraged countries to evolve the legal landscape that governs virtual currencies. However, a new bill titled 'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021' that reaffirms the ban, is ready to be tabled in the monsoon session of the Parliament. A rundown of crypto related concerns Considering that India …

Govt to weigh one of India’s greatest reforms this Parliament session
3 years, 5 months ago

Govt to weigh one of India’s greatest reforms this Parliament session

Live Mint  

The Union cabinet may shortly consider the Electricity Bill, 2021, that aims to de-license power supply, allowing multiple distributors in the same area and giving consumers the option to switch power suppliers. Speaking at a conference organized by lobby group Confederation of Indian Industry, power minister Raj Kumar Singh on Thursday said all stakeholders, including states, industry and the ministries, …

As Centre readies cryptocurrency bill for Parliament's Monsoon Session, here's what you need to know
3 years, 5 months ago

As Centre readies cryptocurrency bill for Parliament's Monsoon Session, here's what you need to know

Firstpost  

The government has talked about banning all cryptocurrencies in India but that has not stopped millions of Indians from trading in the digital asset After narrowly missing out on being tabled in the Budget Session of Parliament earlier this year, the cryptocurrency bill is reportedly ready for being taken up for debate during the upcoming Monsoon Session. In a bulletin …

India to propose cryptocurrency ban, penalising miners, traders
3 years, 9 months ago

India to propose cryptocurrency ban, penalising miners, traders

The Hindu  

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world's strictest policies against cryptocurrencies, would criminalise possession, issuance,mining, trading and transferring crypto-assets, said the official, …

India to Propose Cryptocurrency Ban, Penalising Miners, Traders: Report
3 years, 9 months ago

India to Propose Cryptocurrency Ban, Penalising Miners, Traders: Report

News 18  

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the …

India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders
3 years, 9 months ago

India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders

India Today  

The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new bill which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets. The new bill proposes to criminalise possession, issuance, mining, trading and transferring crypto-assets, a senior government official told Reuters. World’s …

Don't miss the cryptocurrency boat, experts say on India's proposed regulations
3 years, 9 months ago

Don't miss the cryptocurrency boat, experts say on India's proposed regulations

India Today  

India’s cryptocurrency investors are staring at a new set of regulations that may stifle the trading and existence of global cryptocurrencies in the country. The government plans to introduce a bill — The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 — in Parliament to ban companies and individuals from trading in cryptocurrencies. Bought some Dogecoin for lil X, …

RBI has 'major concerns' over cryptocurrencies: Governor Shaktikanta Das
3 years, 10 months ago

RBI has 'major concerns' over cryptocurrencies: Governor Shaktikanta Das

India Today  

The Reserve Bank of India has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. “We have major concerns from the financial stability angle,” Das told news channel CNBC-TV18 in an interview, adding that the RBI was “targeting to launch” a digital currency. “In order to ensure that there is financial stability we …

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