India's Finance Minister Nirmala Sitharaman will read the budget on February 1, and many are hopeful that she'll talk digital currency regulations, but it's unlikely with elections on the way.
The department will promote innovation and aid policy interventions by the central bank while also overseeing the advancement of a digital rupee, according to the Reserve Bank of India.
In Canada, the Ontario securities regulator announced that Binance wasn’t authorized to offer services in the province; meanwhile in India, WazirX exchange was accused of evading of $5 million in taxes.
A basic form of a digital rupee would provide a safe, robust, and convenient alternative to cash in liquidity and scalability, the Reserve Bank of India noted in its report.
The Swadeshi Jagran Manch says Bitcoin must be banned or it could pose great danger to the financial market, but parliament is putting off regulations for now.
The Lok Sabha left out a bill that could have imposed a blanket ban on “private cryptocurrencies” for its winter session, which closes on December 23.
2021 has been a troubled year for Binance: it was blocked by many major banks in the U.K., booted out of several countries, and accused of market manipulation and insider trading.
The Ministry of Electronics and Information Technology has identified 44 key areas it wants to impact through blockchain, with e-governance as the main area of focus.
Kumaraguru Ramanujam and Rohan Sharan are both appointed as Bitcoin Association Ambassadors for India, bringing the total of number of Bitcoin Association Ambassadors to 27 representing 26 countries and territories.
The Bitcoin trial of the century—Kleiman v Wright—continues with no verdict in sight. Judge Beth Bloom issued an Allen charge after the jury told the court they were struggling to agree on a decision.
The Indian government is still adamant that Bitcoin is not a currency, with its finance minister clarifying that the government doesn’t collect Bitcoin transaction data.