Bitcoin won’t be accepted as currency, says Finance Minister

On Monday, Nirmala Sitharaman, Finance Minister said that the central government has no intention to accept Bitcoin as legal tender in India. Responding to whether the government is aware that Bitcoin transaction is quietly flourishing in the country in recent years, FM said that the Centre doesn’t gather any info on Bitcoin transactions in the…

All Eyes on the New Crypto Bill this Winter Parliament Session

The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…

Much-awaited crypto bill missing from Monsoon Session of the Parliament

The Centre has listed 23 bills to be presented in the Lok Sabha during the forthcoming Monsoon Session that starts July 19 in the Parliament. As per the tentative list of government legislative and financial business, out of 23, 6 bills have already been tabled whereas 17 will be new. However, the much-anticipated Cryptocurrency Bill…