The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda released late on Tuesday
The discussions come as authorities race to finalize a bill Prime Minister Narendra Modi's government wants to present to parliament in the session starting Nov. 29.
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The cryptocurrency bill is listed at a time when the level of interest in the subject is very high
E-commerce and social media giants could use this cash flowing into their tokens to offer credit to merchants, with repayments deducted on every sale at zero collection cost
The Bill 'seeks to prohibit all private cryptocurrencies in India however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses'
Also to issue sovereign Bitcoin bonds
A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner
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The Bitcoin scandal blame game touched a new low in the state among Karnataka politicians as leading of ruling BJP and opposition Congress indulged in personal attacks
People are already paying capital gains on income from cryptocurrencies, and the GST law provides for taxing such transactions as 'services', Revenue Secretary Tarun Bajaj told PTI
Singhal, whose company became a unicorn last month, is determined to reach out to sceptics who have FUD - crypto slag for fear, uncertainty and doubt, writes Ritwik Sharma
Some analysts say a sharp pullback is normal after prices skyrocketed 40% in October
According to UK researcher CryptoCompare, Binance's spot cryptocurrency trading volumes totalled $789 bn in Sept and $454 bn in July
There have been a rising number of ads, featuring even film stars, promising easy and high returns on investments in cryptocurrencies in recent times
Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months
India also asked the international community to call out the States who wilfully provide financial assistance, safe havens to terrorists and hold them accountable
Modi also said the democracies must invest together in the research and development of future technology