Stay updated with the latest news and articles about Cryptocurrency and Regulation of Official Digital Currency Bill.
The finance minister declared that the country's central bank, the Reserve Bank of India (RBI), will introduce a digital currency in the next financial year using blockchain and other supporting technology.
In a statement, IAMAI said there would be numerous adverse consequences of a prohibition, such as zero responsibility and traceability of the source and end usage of the cryptocurrencies, besides a complete deception of taxes.
According to Chainalysis, crypto investments in India increased from approximately $200 million to almost $40 billion in the last year, with families owning more than 25,000 tonnes of gold.
Showing 15 of 188,501 articles