Govt of India does not collect data on Bitcoin transactions. No proposal to recognise Bitcoin as a currency in the country: Ministry of Finance in a written reply in Lok Sabha.
Comparing the craze in cryptocurrency with that of the tulip mania in the Netherlands in the 17th century, Rajan said people hold cryptocurrencies for two reasons -- store of value and an asset; and for use in payments.
While founders of crypto-exchange CoinDCX, WazirX, Coinswtich Kuber, and ZebPay welcomed the Cryptocurrency and Regulation of Official Digital Currency Bill (2021), they suggested refraining from any panic selling until the...
Hayden Hughes, CEO of Alpha Impact, a social trading platform, said like other Central banks across the world, the RBI is 'fearful' of losing control over monetary policy.
Around 54 per cent people covered in a pan-India survey did not favour legalising cryptocurrencies in the country and instead pitched for treating them as digital assets held overseas.
There is no law or any ban on the use of cryptocurrencies in India. Prime Minister Narendra Modi, last week, held a meeting on cryptocurrencies with senior officials and indications are that strong regulatory steps could be...
On November 13, PM Modi had chaired a meeting to discuss the future of cryptocurrencies, with most news organisations reporting that the government was worried about cryptocurrencies being used to fund terror and illegal...
