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.
Vladimir Zelensky meets soldiers on Armed Forces Day, Soldiers meet President in Donbass
Ukrainian President Vladimir Zelensky met with troops in eastern Ukraine on Tuesday. Let us tell you that on December 6, Armed Forces Day is celebrated in Ukraine. Zelensky thanked all the soldiers
Congress: Rahul's allegation- The farmers I called were not allowed to enter Parliament; got entry after uproar
Today, there was a lot of uproar outside the Parliament. The Leader of the Opposition in the Lok Sabha and Congress leader Rahul Gandhi had called the farmer leaders to meet him in his office in
Who is Vivian Dsena's ex-wife who refused to go to Bigg Boss 18? The marriage broke in just 3 years.
The controversial reality show Bigg Boss 18 has started and this season has seen the entry of some new faces along with the most popular TV actor, whom the makers had been approaching for years. My
IRCTC: India and Nepal will be connected through train, Indian Railways will run a special tourism train from June 21
IRCTC will be the first agency in the country to connect two countries through tourism train under the Bharat Gaurav scheme of the Railways. In an official statement issued by the Indian Railway
MP News: Calling the victim Dashmat Rawat as Sudama, the CM washed his feet wearing a shawl and said – you are my friend
Politics has heated up since the incident of a BJP worker shamelessly urinating on tribal Dashmat Rawat in Madhya Pradesh's Sidhi district. On Thursday, the victim Dashmat Rawat reached Bhopal Chief
Bigg Boss OTT 3: This famous YouTuber will enter Salman Khan's show, will he give tough competition to TV actors?
All the seasons of the controversial reality show 'Bigg Boss' till now have been huge hits. The 17th season of the show started in January this year. Now the makers are planning 'Bigg
Ambedkar Jayanti: Now the train will run from Dr. Ambedkar Nagar to Delhi, inaugurated by Ashwini Vaishnav
A day before Dr. Bhimrao Ambedkar's birth anniversary, Union Minister Ashwini Vaishnav on Sunday virtually flagged off a new train service from Dr. Ambedkar Nagar to New Delhi. On this occasion,
US President's security lapse: The plane entered the no-fly zone; Biden and his wife were sent to a safe house
A case of a lapse in the security of US President Joe Biden has come to the fore. A small private plane suddenly crashed into a no-fly zone in the Rehoboth Beach area of Delaware. Biden had come
Border Dispute: Won't let an inch of Maharashtra's land go anywhere, CM Shinde said on border dispute with Karnataka
CM Eknath Shinde has given a big statement on the ongoing border dispute between Maharashtra-Karnataka. On Thursday, he said that his government will not let even an inch of Maharashtra's land go to
History of the world's largest electronics show: 55 years ago 250 companies attended; This is what gave VCR, HD TV, 5G
The first of the year and the world's largest electronics show i.e. Consumer Electronics Show (CES 2022) will be from 5 to 7 January. Based on new gadgets and technology, this event is discussed
