No proposal to recognise Bitcoin as a currency: FM Sitharaman

Nirmala Sitharaman Digital Bitcoin

29.11.2021 - 10:51

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livemint.com:

In a reply to a question asked on Bitcoin in the Parliament on Monday, Finance Minister Nirmala Sitharaman said that the government has no proposal to recognise Bitcoin as a currency in the country. She also informed the Lok Sabha that the government does not collect data on Bitcoin transactions.

Whether the government has any proposal to recognise Bitcoin as a currency in the country, the Finance Minister said "No, sir".

This comes as the government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency by RBI.

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