Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.
The revenue generated from cryptocurrencies can be an incentive for the Modi government to allow this trade with restriction rather than ban it and lose the 'sin tax'.
The bill to be presented by the central govt in Parliament may stipulate a minimum amount for investments in digital currencies while banning their use as legal tender.
Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks to prohibit all private cryptocurrencies with 'certain exceptions to promote underlying technology'.
In a virtual address at the Sydney Dialogue, Modi said the digital age has raised new questions on sovereignty, governance, ethics, rights and security.
It was strongly felt in the meeting that attempts to mislead the youth through over-promising and non-transparent advertising should be stopped, sources said.
Bitcoin has climbed to its latest high atop a tide of pandemic-era liquidity, speculative bets and expectations of wider adoption by institutional investors.
It’s hard to build a house, run a business, or do anything without paying bribes. And yet, citizens’ anger about this open, unchecked corruption won’t erupt into Anna Hazare-type rallies.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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