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No proposal to recognise crypto as legal currency: India's Finance Minister

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No proposal to recognise crypto as legal currency: India's Finance Minister

timestampNov 29, 2021 authorAlShorts Web Desk

Indian government clarified that it has no proposal to recognise crypto coins in a written reply to Lok Sabha on November 29. The written reply by Finance Minister Nirmala Sitharaman said it does not collect data on Bitcoin transactions. The government plans to introduce Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament.

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