Blockchain & crypto news from India
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…
The Centre is expected to move a revamped bill on crypto at the beginning of the Winter Session of the Parliament. According to sources, officials of the ministry of finance are working towards altering the recommended crypto legislation. A previous draft of the bill suggested a ban on the utilization of digital currency in India….
According to a tweet posted on Monday by ET Now, the Indian government is anticipating taxing crypto trades and ecosystem in the nation. The tax department is in favor of taxing crypto trades and exchanges and the government believes that any task that results in income must pay tax. The development comes in as the…
The much-anticipated legislation to regulate virtual currency in India, the crypto bill is anticipated to be taken up by the Union Cabinet soon. During a conversation with the reporters, the finance minister Nirmala Sitharaman said that the cabinet note is ready on the crypto bill. She added that she is awaiting Cabinet to clear that….
On August 2, Pankaj Chaudhary, Minister of State for Finance said that the government would decide on the proposals on the Inter-Ministerial Committee (IMC) on the legislative proposal and cryptos, if any, would be tabled in Parliament after the due process. In its reports, a high-level IMC had recommended that all private cryptos, except any…
In a reply to a query asked by former Bihar deputy CM and Rajya Sabha MP Sushil Kumar Modi, Nirmala Sitharaman, the Finance Minister, on July 27 informed the Rajya Sabha that the Indian Government isn’t gathering any information on the cryptocurrency market and has no clue about the count of active crypto exchange platform…
India is getting closer to regulating crypto within its borders. Nirmala Sitharaman, the country’s Finance Minister said that India’s crypto bill is ready. She further added that the government has taken details from industry stakeholders to get the document ready. She continued that they have done a lot of work on it. They have taken…