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.
Compulsion magnifies the risk of function creep. Future updates could quietly expand the app’s capabilities or enable background telemetry far beyond users’ expectations.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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