Friday, February 26, 2021

Central Finance Ministry decides not to introduce cryptocurrency on its own – Own Cryptocurrency

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The Government of India has ruled on cryptocurrency. The Center has made it clear that it does not intend to introduce cryptocurrency on its own. Union Finance Minister Anurag Thakur wrote to Shiv Sena member Sanjay Raut in the Rajya Sabha.

Own Cryptocurrency : The Government of India has ruled on cryptocurrency. The Center has made it clear that it does not intend to introduce cryptocurrency on its own. Union Finance Minister Anurag Thakur has given a written reply to a question posed by Shiv Sena member Sanjay Raut in the Rajya Sabha. Recall that in the 2018-19 budget speech it was stated that cryptocurrency will not be considered as a legal tender – a legal tender.

He said steps would be taken to completely eradicate the use of cryptocurrency from illegal financial activities and payment systems. He said ‘blockchain’ technology will be widely used to boost the digital economy in the country.

Cryptocurrency markets rallied in response to a written reply from Union Finance Minister Anurag Thakur.

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Central Finance Ministry decides not to introduce cryptocurrency on its own - Own Cryptocurrency