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Indian Government Stand On Cryptocurrency

Indian Government Stand On Cryptocurrency. Let's understand the central government's stand on cryptocurrencies and their legal status in the country. What's the government stand on cryptos?

The Journey Of Cryptocurrency In India
The Journey Of Cryptocurrency In India from i.ytimg.com
It is a done deal that cryptocurrency and blockchain tech would become more commonplace in the future. The indian government is said to be levying a complete ban on cryptocurrency investment. Since the rbi handles policy formulation and enforcement of payment systems regulations, jaitley's. Cryptocurrencies are a ponzi scheme and should be banned in order to protect the interests of investors, according to an indian government official. Member of parliament sri sanjay raut asked the finance minister whether the indian government is aware that many business companies are using cryptocurrency for international transactions during the last.

At a recent hearing in the indian parliament, a set of crypto related queries were sent to the minister of finance.

India's parliament will discuss a bill that would ban private cryptocurrencies and is examining a potential central bank digital currency. According to multiple local media reports, a senior finance ministry official revealed that the. The government is keen to pass the cryptocurrency and regulation of official digital. Since the rbi handles policy formulation and enforcement of payment systems regulations, jaitley's. The route is only supposed to be taken when parliament is not in session. Cryptocurrencies are a ponzi scheme and should be banned in order to protect the interests of investors, according to an indian government official.

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