The Government of India has made it clear in a written reply in Parliament that it will not recognize Bitcoin as a currency. At the same time, the government has also said that they do not have any data about bitcoin.
business desk. Even though the Crypto Bill 2021 has not been introduced in the Parliament today, but one thing has been made clear by the government that it will not recognize Bitcoin as a currency.
At the same time, the government has also accepted that there is no data about bitcoin. By the way, in India’s crypto exchange, the price of bitcoin is trading with a rise of 3 percent. Let us also tell you what more information has been given by the government about cryptocurrency and bitcoin.
Government does not have data
Finance Ministry head Nirmala Sitharaman, in response to a question in Parliament, said that the government will not recognize bitcoin as a currency in India. At the same time, he has also made it clear that the government does not have any data regarding bitcoin.
The special thing is that this information has been given to the government when preparations are being made to bring the cryptocurrency bill in the winter session of Parliament. In which there is a proposal to rein in private cryptocurrencies. At the same time, preparations are being made to bring government digital currency through this bill.
In preparation for bringing a bill on cryptocurrencies, the government
will build a strong foundation for the digital currency of the RBI through the Government Crypto Bill 2021. Looking at the bill, it is being speculated that the government will ban all private cryptocurrencies.
However, the definition of private and public cryptocurrency has not yet been decided by the government. When the notification was issued by the Lok Sabha regarding this, the price of all cryptocurrencies including bitcoin had fallen by 25 percent.
At present,
if we talk about the cryptocurrency exchanges of India, then the price of bitcoin on WazirX is trading at Rs 43.79 lakh, up by three and a half percent. Whereas sand cryptocurrencies are seeing a rise of 13 percent. There is a 5 percent increase in the price of Ethereum. IOST is witnessing a growth of 18 per cent.
