SME Times is powered by   
Search News
Just in:   • Sensex, Nifty settle 1% low; US Fed's policy guidance weighs  • Liquor manufacturers asks Kerala Govt to tweak commision conditions  • With Air India on-board, Tatas emerge as major aviation players  • Generali to become majority shareholder in its Indian insurance joint ventures  • Bengal mulling to bring alcohol at doorsteps 
Last updated: 29 Nov, 2021  

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

Nirmala Sitharaman
   Top Stories
» Rajpath brims over with patriotic fervour as India celebrates R-Day
» Budget needs to support incomes for consumption push
» 'India must plan to export more of defence equipment'
» Goyal reviews fast track implementation of infra projects
» 71% jump in gems and jewellery exports
SME Times News Bureau
The Centre has no proposal to recognise Bitcoin as a currency in the country, the Parliament was informed on Monday.

Finance Minister Nirmala Sitharaman, in a written reply in the Lok Sabha, also said that the government does not collect data on Bitcoin transactions.

Bitcoin is a form of digital currency which allows people to buy goods and services among others.

In the ongoing winter session of Parliament, the Centre aims to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, through which it seeks a ban on all private cryptocurrencies.

At present, there is no regulation or ban in the country on cryptocurrency.

The Reserve Bank of India has maintained its strong views against cryptocurrencies, saying they pose serious threats to macroeconomic and financial stability.

The central bank also doubted the reported number of investors trading on them and their claimed market valuations.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Jan, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter