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.
India in the semi-finals of the T20 World Cup for the third time in a row: beat Ireland by 5 runs with the DLS method; Mandhana played career-best innings
The Indian team has entered the semi-finals of the ongoing Women's T20 World Cup in South Africa. The Indian team, captained by Harmanpreet Kaur, defeated Ireland by 5 runs under the Duckworth-Lewis
Budget Session 2023: PM will reply to President's address today, BJP MP demands action on Rahul Gandhi
The discussion began on Tuesday after a deadlock continued during the budget session of Parliament. Congress leader Rahul Gandhi lashed out at the central government during the discussion. He attacked
PM Modi in Denmark: PM Modi to attend India-Nordic summit, will visit France today
Prime Minister Narendra Modi is on a Europe tour. On this three-day visit, Prime Minister Modi will go to France today after Germany and Denmark. During the last day of his 3-day visit to Europe,
Maharashtra: Disciples clash on Guru Purnima, Raut's reply to Shinde's tweet 'If Balasaheb was alive...'
Today is Guru Purnima. The whole country is expressing the feeling of faith, dedication, and respect toward its guru. Meanwhile, something else is cooking in the politics of Maharashtra. Here the
This country company launched its cheap smartphone in India, features like 5000mAh battery and 6.5-inch display
Smartphone maker Lava has launched a cheap smartphone in India. This smartphone is Lava Z3, which will work on an octa-core MediaTek Helio A20 chipset. Let's take a look at the specifications,
Nitish Kumar will go on a tour of the country: The solution journey starts from Bagaha; said – first looking at the development of your state
The Samadhan Yatra of Chief Minister Nitish Kumar started on Thursday. Amidst the cold, the Chief Minister reached Daruabari village from Bagaha. He inquired about the condition of government schemes.
Delhi Police issued a traffic advisory for the full dress rehearsal of Republic Day, avoid knowing on these routes
The Delhi Traffic Police on Friday issued a traffic advisory regarding arrangements and restrictions for the smooth conduct of full dress rehearsals to be held on January 23 ahead of the Republic Day
Cryptocurrency News: Investors' confidence in the crypto business has been shaken by the loss of billions
The collapse of one of the biggest cryptocurrencies and the massive drop in the price of dozens of such currencies has shaken the confidence of the people in the crypto market. On the other hand,
IND vs ENG: English batsman trapped in Kuldeep Yadav's spin, 'Chinaman' broke the 45-year-old record of former Indian captain
The fifth match of the five-match Test series between India and England (Ind vs Eng) is being played in Dharamshala. India has maintained an unassailable 3-1 lead against England in the Test series.
Not only did Alia Bhatt, 'Phool' of 'Laapataa Ladies' also reach Met Gala 2024, but the desi look of the actress went viral from the carpet!
Alia Bhatt is in the headlines for Met Gala 2024. The actress added charm to the event in a Sabyasachi outfit. On May 7, the actress remained in the news throughout the day. However, apart from her,
