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Breaking | India: ‘No proposal to recognize Bitcoin as a currency,’ says FM
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ambcrypto.comThe winter session of the Indian Parliament commenced today and as expected, cryptocurrencies are also on the agenda. Out of the 26 draft legislations to be tabled, the crypto-bill is one of them, with the contents of the same fueling a lot of FUD recently.
Now, the country’s Finance Minister has claimed that there is no proposal to recognize Bitcoin as a currency. The aforementioned response was part of a written reply to the lower house of the parliament.
While more clarity is set to emerge in this context, some reports have claimed that the Indian administration is planning to make cryptocurrencies available as an asset. Additionally, others suggest cryptos will not be accepted as legal tender.
Additionally, the minister also told the
Read more on ambcrypto.comAbout this in other media
India's proposed bill banning crypto payments could mean jail for violations -document euronews.com /2 years ago
Crypto Violators May Face Prison Time Under India’s New Proposal - Report cryptonews.com /2 years ago
Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal cointelegraph.com /2 years ago
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