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High-Level Inter-Ministerial Committee Formed To Accept Cryptocurrency As Legal Tender: Anurag Thakur

A legislative proposal may be presented based on recommendations of the Committee
Amid reports of the rising presence of bitcoins and other forms of virtual currencies in India, Minister of State for Finance and Corporate Affairs Anurag Thakur on Saturday said the government has formed a High-Level Inter-Ministerial Committee to look into cryptocurrency, and based on its recommendations the government may present a legislative proposal in Parliament. Blockchain is a new emerging technology. Cryptocurrency is a form of digital currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, said the MoS while answering a media query about cryptocurrency at an event in Punjab. ....

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Bitcoin Vs Dollar Rate: Cryptocurrency Bitcoin Market Capitalisation Hits $1 Trillion, Soars To All-Time High Record Crossing $57,000

Bitcoin Vs Dollar Rate: Bitcoin was last up up 8.75 per cent at $57,107.2.
Cryptocurrency bitcoin hit a market capitalization of $1 trillion as it surged to achieve yet another record high of $56,399.99 on Friday, February 19, continuing its bull stint fuelled by gaining further acceptance from mainstream investors and corporate majors. The world s most popular cryptocurrency surged to an all-time high, crossing the $57,000 mark on Saturday, posting a weekly gain of 18 per cent. It has surged nearly 70 per cent so far this month and was last up 8.75 per cent at $57,107.2. The digital currency countered analyst warnings that it is an economic side show and a poor hedge against a fall in stock prices. ....

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Digital Currency In India: After Bitcoin Crosses $50,000 Mark, What Is The Status Of Cryptocurrencies In India; What Experts Say

Reserve Bank of India said that it is working on a digital version of the rupee
Digital Currency in India: The government revealed in its budget session that it plans to introduce a new bill on cryptocurrencies, namely the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will ban all private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the Reserve Bank of India, according to a legislative agenda listed by the government. Finance Minister Nirmala Sitharaman said in the Rajya Sabha on February 9 that a high-level Inter-Ministerial Committee constituted under the Chairmanship of Secretary (Economic Affairs) will study the issues related to virtual currencies. ( ....

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Bitcoin Vs Dollar Rate: Cryptocurrency Bitcoin Creates History, Breaches $50,000 Mark In All-Time High, Continues Bull Run After Tesla's Investment

Bitcoin Vs Dollar Rate: The cryptocurrency achieved a historic milestone, smashing the $50,00 mark
Bitcoin Vs Dollar: Achieving a historic milestone, cryptocurrency bitcoin hit an all-time high record, breaching the $50,000 mark on Tuesday, February 16, continuing its broader bull run after Elon Musk s electric vehicle company Tesla Inc announced a $1.5 billion investment in the world s most famous cryptocurrency. Bitcoin hit an all-time high record of $50,602, amid its dizzying rally mostly fuelled by big investors who are beginning to take digital assets seriously. The digital currency has gained almost 72 per cent this year and Tesla s investment has proved to be a big stride towards mainstream acceptance for the cryptocurrency. ....

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Exploring Possibility Of Digital Currency In India, Says RBI

In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.

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