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.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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