The Winter Session of Parliament has begun and the Cryptocurrency Bill is likely to be introduced soon. Earlier on Monday, the Reserve Bank of India (RBI) has proposed to the central government to launch digital currency in the country. In this proposal of the Reserve Bank, it has been said to increase the scope of the definition of banknote. The central bank has recommended acceptance of the currency in digital form.
Need for amendment in RBI Act
In the proposal given by RBI, it has been said that there will be a need to amend the Reserve Bank of India Act 1934 (RBI Act 1934) to launch a central bank digital currency in the country. Significantly, the Reserve Bank of India has been preparing to bring its digital currency (CBDC) for a long time.
Counted these benefits in the proposal given to the government
According to the proposal of RBI, many benefits are possible once the central bank's digital currency comes into existence. This will help reduce dependence on cash, as well as promote transparency. Along with this, another big advantage will be that after the introduction of digital currency, the government's expenditure for printing cash will also come down.
Discussion on bitcoin on the first day of the winter session
Earlier today, the name of the Cryptocurrency Bill resonated after the winter session of Parliament began. In response to a question asked in the Lok Sabha regarding bitcoin transactions in the country, the Finance Ministry in a written reply said that the Government of India does not collect data on bitcoin transactions at all. It added that there is no proposal to recognize bitcoin as a currency in the country.
RBI digital currency mentioned
The Finance Ministry has said that the Reserve Bank of India (RBI) is investigating the use cases for digital currencies and the central bank is working on a phased implementation strategy for the launch of its digital currency (CBDC), in which no There is no disturbance. This could lead to a more robust, reliable, regulated, and legal tender-based payment option.
PM Modi, Amit Shah, 1000 Ladki Bahan..., guest list of Devendra Fadnavis' oath ceremony revealed, know who all will be included
Maharashtra Governor C.P. Radhakrishnan has invited senior BJP leader Devendra Fadnavis to form the new government. He will take oath as the Chief Minister of the state on Thursday (5 December). Two
Tomato Price: '120 rupees kg tomato' Center starts preparations to deal with it; Prices will come down soon; Tamil Nadu government took a big decision
The government has also swung into action regarding the skyrocketing prices of tomatoes. Consumer Affairs Secretary Rohit Kumar Singh has said that these prices are temporary and seasonal. Soon the
Azam Khan: Azam Khan was released from jail after getting interim bail from Supreme Court, Shivpal Yadav was present at the time of release
SP MLA Azam Khan has been released from Sitapur jail after 812 days. Azam Khan came out of jail at 8:06 am. The jail administration had received the release order of the SP MLA at around noon late on
Who is RO Khanna: After all, who is 'Ro Khanna'? Who hunted two for India with one arrow, Russia was also happy and China also got arrogant
America is ready to do anything to stop China. However, America knows that this is not possible without India's help. In such a situation, he is agreeable to accepting every condition of India. Its
Terror Funding: SIA raids Bathindi in terror funding case, suspected to be linked to Jamaat-e-Islami
The State Investigation Agency (SIA) of Jammu and Kashmir on Wednesday conducted raids in Bathindi area adjoining Jammu city. According to the information, this raid has been done in the case of
Broken Rice Export: Ban on export of non-adulterated basmati and broken rice lifted, DGFT takes decision
The central government has lifted restrictions on the export of organic non-adulterated basmati rice (non-adulterated basmati rice), including broken rice, to the domestic market following an increase
Covid Update: Relief from Corona in the country, 173 new cases found in 24 hours; Active patients also decreased
173 new cases of coronavirus infection were reported in the country, due to which the total number increased to 4.46 (4,46,78,822) crores. Active cases have seen a decline of 2,670. The death toll has
Is Israel going to cause massive destruction in Iran? Netanyahu's entire plan was revealed; America said - we do not support
Israel is preparing to give a strong reply to Iran's missile attack. Israel says that this time Iran will not be given a chance even to handle it. Israel is preparing to attack Iran's air defense
11 players of England equal to 18: 7 players have more than one role, and only 2 all-rounders in Team India
England was the champion of the 2022 T20 World Cup. The cricketing world saw how the team led by Jos Buttler defeated strong teams like Pakistan and India by playing fearless and aggressive cricket.
Nepal Plane Crash: Wreckage of Tara Air crashed plane found, Nepal Army released pictures from the crash site
Nepal's military on Monday traced the spot where a Nepalese private airlines plane crashed on Sunday. A Nepalese army spokesman said in a tweet, "Search and rescue teams have located the plane crash
