Cryptocurrency Analysis and News Portal
In November 2021, Modi, who has reportedly held several rounds of discussions on the matter, indicated a vision for crypto regulation when he said, “We must also jointly shape global norms for emerging technologies, like social media and cryptocurrencies, so that they are used to empower democracy, not to undermine
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The bill, which needs Cabinet approval to be heard by the full parliament, isn’t on the agenda for today’s meeting, leaving only one more opportunity - Dec. 22 - a day before parliament’s session ends for the year. Parliament’s next session won’t start until late January or early February
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Indian Prime Minister Narendra Modi called for the creation of a global standard for technologies, such as social media and crypto.At the Summit for Democracy, Modi said that emerging technologies, such as crypto, should be used to empower democracies not undermine them.The prime minister’s remarks came as the government is
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There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had
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Even as India waits for parliamentary discussion to begin on a bill that may ban or limit cryptocurrency, Navi Mutual Fund has applied for approval of a Blockchain Index Fund of Funds (FoF) that does not directly invest in cryptocurrencies or crypto exchanges, according to a report by Bloomberg Livemint.
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Government documents from 2019 have been cited by an Indian crypto expert to suggest that the proposed ban on all “private cryptocurrencies” could include just about every crypto. The Indian government this week announced it would introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 when it convenes at
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The prime minister of India, Narendra Modi, has urged democratic countries to work together to ensure that cryptocurrency, particularly bitcoin, does not end up in the wrong hands. Meanwhile, the Modi government is working on a regulatory framework for cryptocurrencies in India. India’s Prime Minister Modi on Bitcoin and Cryptocurrency Indian Prime
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In his speech, the Prime Minister said the world is at a “historic moment of choice” when it is undecided whether emerging technology will be used for “cooperation or conflict, coercion or choice, domination or development, oppression or opportunity,” and that democracies should cooperate to figure out ways to safeguard
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India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts
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Paytm, India's leading digital payments company, said Thursday that it would consider Bitcoin services if the country's regulatory framework for cryptocurrencies was more definite.Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm's chief financial officer Madhur Deora stated that the rules surrounding Bitcoin (BTC) remain
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