‘Bitcoin will not be Accepted as Currency, No Data on Cryptocurrency Transactions’: FM

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