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Crypto markets crashed following news of the government introducing a Bill in the Parliament to prohibit all private cryptocurrencies in India, barring a few exceptions to "promote the underlying technology of cryptocurrency and its uses".
The government is set to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament. The bill seeks to ban all private cryptocurrencies with ‘few exceptions’.
Alessia Haas, Coinbase CFO, and Scott Shay, Signature Bank Chair, revealed the 5 biggest themes in crypto today, including its impact on banking.
Government will adopt calibrated approach towards crypto-currencies: Finance Minister Nirmala Sitharaman March 8, 2021 The government’s proposed cyrpto-currency legislation will adopt a calibrated approach in order to allow innovation and experimentation in the space, even if there is a national digital currency.”We are not closing our minds, we are certainly look at ways in which experimentations can happen in the digital world and crypto-currencies,” Finance Minister Nirmala Sitharaman told CNBC TV-18 in an interview last week. Sitharaman said that globally, there is no clear approach...
Government "not closing its mind" towards experimenting with crypto: FM Nirmala Sitharaman With the government planning to introduce a Bill in Parliament to ban companies and individuals from dealing in cryptocurrencies, FM Nirmala Sitharaman said negotiations and discussions around cryptocurrency are underway with the RBI. 0 claps Share on With the government planning to introduce a Bill in Parliament to ban companies and individuals from dealing in cryptocurrencies, FM Nirmala Sitharaman said the government is not closing its mind towards "experimenting in the cryptocurrency world" and tha...