FM Nirmala Sitharaman's stand on banning cryptocurrency in the country is strict. Finance Minister Nirmala Sitharaman said on Tuesday that a bill on cryptocurrencies will be introduced in Parliament after the approval of the Union Cabinet. The minister also said that regulation of non-fungible tokens (NFTs) is also being considered. The government will soon bring a bill after the approval of the cabinet. It was not brought up last time as other aspects were yet to be looked into. Many things like Cryptocurrency had come into play. Sitharaman said during the Question Hour in the Rajya Sabha that the intention is to amend the bill.
Regarding advertisements on Cryptocurrency, he said that no decision has been taken yet on banning advertisements. ASCI regulates the advertisement and prepares the guidelines. All its rules are being looked at so that we can see what can be done on ads.
Earlier on Monday, the minister said that there is no proposal to recognize bitcoin as a currency. Furthermore, he added that the government does not collect data on bitcoin transactions. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, listed in the ongoing winter session of Parliament, seeks to ban all private cryptocurrencies in India. However, it allows for some exceptions to the underlying technology of cryptocurrencies and the promotion of its use.
The government told the Lok Sabha on Monday that cryptocurrency is unregulated in India and it does not collect information about its trade. Minister of State for Finance Pankaj Choudhary in Lok Sabha said that the Reserve Bank of India has advised its regulated entities vide circular dated 31 May 2021 to adopt Know Your Customer, anti-money laundering measures, combating the financing of terrorism and money laundering. Maintain proper procedures for cryptocurrency transactions following the rules governing standards of obligations under the Prevention of Act 2002 etc.
Weather Update Today: Forecast of rain in Delhi-UP to Uttarakhand today, the possibility of hailstorm in these areas
Changes are being seen in the weather of the entire North India including the country's capital Delhi. The weather has remained pleasant in many states of the country. The Meteorological Department
G20: Pakistan hatched a 'hacking' conspiracy during the summit, but something happened that shocked the neighboring country.
When the leaders of the most powerful countries of the world were praising India for the success of G20, the neighboring country Pakistan was preparing to carry out its nefarious conspiracies. His
Corona: Huge increase in corona cases, 50 percent more patients were found than yesterday, 21 died
The increase in the number of corona infections in the country has once again raised the concerns of the people. According to Monday's data released by the Ministry of Health, 17,073 new cases of
Corona havoc: Strictness in Mumbai extended till January 15, ban will remain for 12 hours daily, know which rules will have to be followed
Because of the increasing cases of coronavirus, restrictions in Mumbai have been extended till January 15. Now restrictions on going to public places will also remain in force. The administration said
Mission Raniganj Box Office Collection: 'Mission Raniganj' opened its account with so many crores, know the opening day collection
Mission Raniganj Box Office Collection: After giving 5 consecutive flop films, Akshay Kumar has recently made a great comeback through the success of the film 'Oh My God 2'. In such a situation, fans
Tension escalates again on the Pakistan-Afghanistan border, three Pakistani soldiers killed in the attack
Tension has increased once again on the border of Pakistan and Afghanistan. Afghan and Pakistani officials on Wednesday blamed each other for overnight clashes along the border. There were casualties
Kangana's anger: Kangana furious at Bollywood's silence on 'The Kashmir Files', said - the chamchas went into the shadows
Vivek Agnihotri's Kashmir Files releases on March 11. The film is getting tremendous response from the audience and critics. In such a situation, now Kangana Ranaut has targeted the silence of
PM Modi: 'No place is safe for those who shed the blood of Indians', said PM Modi on 'Operation Sindoor'
Prime Minister Narendra Modi participated in the inaugural program of the centenary celebrations of the historic conversation between two of India's greatest spiritual and moral leaders Sri Narayana
Kedarnath Yatra: The first phase of heli service for the Dham is completed, now it will start again after the monsoon ends
All the six heli companies operating helicopter services for Kedarnath Dham returned from Kedarghati on Sunday with their seven helicopters. Now this service will start again in the third phase of the
Sidhu Moosewala Murder: Are the killers of Moosewala in Nepal, special cell teams left, this clue was found
Teams of the Special Cell of Delhi Police, probing the murder of Punjabi singer Sidhu Moosewala, have left for Nepal and Muzaffarnagar. It is being said that the police have found the location of the
