No proposal to recognize bitcoin as currency: Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman said in a reply in the Lok Sabha on Monday that the government has no proposal to recognize bitcoin as a currency in the country. He also told the House that the government does not collect data on bitcoin transactions. Does the government have any proposal to recognize bitcoin as currency … Read more

Most Existing Crypto Will Be Destroyed, Says Raghuram Rajan

Former Reserve Bank of India (RBI) governor Raghuram Rajan believes that most of the existing cryptocurrencies will soon be destroyed. About 6,000 cryptocurrencies are in existence and Rajan believes that only one or two, or at most a handful, will survive. In an interview with CNBC-TV18, Rajan said that if things have value simply because … Read more

Cryptocurrency regulation: Government of India taking forward steps, says report

India is planning progressive and forward-looking measures on issues related to cryptocurrencies, a move that could be a departure from its earlier efforts to restrict the use of virtual coins, according to people familiar with the matter. Prime Minister Narendra Modi on Saturday led a review meeting on the digital currency, and it was decided … Read more