Ethereum & Other Altcoins Are All A "Pyramid Scheme" - Max Keiser.
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Bitcoin & Cryptocurrency Draft Bill In India - Positive News.
2021-09-23 | Eddy Morgan
Cryptocurrency Draft Bill
The government's proposed cryptocurrency bill is expected to include a definition for virtual coins, as well as regulations and taxation for them. It may propose defining cryptocurrencies and categorizing them according to their intended use. According to The Economic Times, which spoke to persons familiar with the situation, cryptocurrency might be categorized as commodities or assets in the new draught bill. According to the article, the draught bill may propose taxation for cryptocurrencies, as well as rules for payments, investments, and other services. While the government has stated that it would not pursue an outright ban on cryptocurrencies, it has yet to disclose details on how it intends to regulate cryptocurrency trading in India.The Take by Finance Minister
In the wake of the growing popularity of cryptocurrencies throughout the world and speculation that India would launch its own digital currency, Union Finance Minister Nirmala Sitharaman said that such a choice should be carefully considered. She cited El Salvador as an example of a country where the populace protested the adoption of bitcoin as legal money. The finance minister stated that there has been extensive dialogue on the topic of cryptocurrencies in India and that the Reserve Bank of India's (RBI) opinions have also been taken into account.
