In brief
RAJYA SABHA STRARRED QUESTION
NO. *79TRADING IN #CRYPTOCURRENCY
Answered by MoS @ianuragthakur
| @FinMinIndia | pic.twitter.com/ujvTT2P7sD
— Office of Mr. Anurag Thakur (@Anurag_Office) February 9, 2021
$73,024.00
6.00%$2,660.53
6.62%$607.84
2.81%$181.47
3.78%$1.00
0.04%$0.530023
3.22%$2,658.41
6.61%$0.174538
14.90%$0.165858
1.39%$5.12
3.07%$0.353755
5.48%$0.00001924
10.98%$3,153.25
6.62%$27.03
5.81%$72,915.00
6.00%$2,658.04
6.42%$385.13
7.32%$11.62
7.29%$4.24
5.05%$6.13
1.68%$2.03
23.17%$0.996576
-1.59%$73.65
5.61%$4.46
7.35%$10.01
12.64%$2,793.32
6.38%$7.94
5.85%$0.00000976
11.62%$541.47
6.60%$8.12
5.94%$1.35
12.06%$162.97
1.41%$19.42
4.83%$0.09663
3.76%$0.113589
-3.53%$1.86
10.09%$19.08
2.81%$1.002
0.06%$2.67
17.25%$0.998788
0.16%$0.336848
6.33%$39.79
2.89%$1.42
9.57%$152.28
2.27%$3.71
5.24%$0.547774
7.83%$1.72
11.28%$0.076788
5.03%$6.11
8.77%$0.60799
6.32%$0.7224
7.91%$5.15
8.95%$20.34
9.59%$0.050102
5.27%$0.0226866
5.60%$4.56
5.45%$1.79
22.17%$1.18
0.99%$2,656.89
6.27%$0.00002238
9.91%$0.161072
7.31%$0.396096
11.06%$0.00015016
14.44%$1.071
4.22%$0.395661
12.97%$2,976.20
6.07%$2,780.65
6.72%$2.12
9.77%$1.23
7.45%$1.38
3.08%$7.06
5.64%$5.37
10.85%$8.97
3.78%$17.14
10.86%$9.23
1.56%$72,850.00
5.98%$0.391163
15.77%$0.739903
12.69%$52.54
4.72%$0.123653
7.99%$0.102134
11.48%$0.0190604
10.37%$1,143.09
3.74%$1.097
9.94%$222.73
3.70%$0.01917274
8.39%$2,725.82
6.42%$0.01023754
9.85%$62.48
4.00%$2.69
0.66%$0.336528
6.30%$0.940639
8.54%$0.0000009
4.25%$1.30
7.06%$0.02150127
8.40%$0.925194
10.52%$3.21
-3.05%$0.545405
7.82%$2,648.01
6.32%$5.12
15.79%$72,987.00
5.83%$0.00000201
19.43%$1.084
7.21%$0.397328
8.48%$5.04
7.43%$36.61
11.67%$9.49
5.18%$1.001
-0.08%$72,994.00
6.23%$0.00726231
7.54%$0.126835
2.12%$0.00170956
15.17%$10.20
7.86%$0.01413088
4.61%$0.00003612
4.53%$0.468391
4.91%$25.74
10.15%$0.154914
10.96%$72,847.00
5.86%$0.696391
13.28%$0.254866
11.93%$189.76
3.53%$2,772.37
1.01%$0.67686
6.89%$72,791.00
5.98%$1.053
6.66%$0.805539
17.31%$0.00961698
11.01%$1.019
5.31%$0.997711
0.12%$0.549174
8.51%$0.00924186
13.03%$2,736.44
6.75%$0.259877
5.63%$1.36
12.81%$0.01359399
6.49%$2,658.86
6.57%$1.001
0.10%$2.42
9.58%$1.21
1.79%$1.00
0.02%$38.63
1.32%$0.311777
8.21%$0.063759
5.92%$17.52
9.39%$216.09
0.91%$1.58
6.81%$0.00000026
12.19%$2.94
6.89%$2,767.99
0.47%$0.00009376
4.56%$0.055537
3.55%$2,657.76
6.61%$2,877.63
6.40%$0.077663
1.48%$0.454244
16.50%$1.85
5.05%$1.71
18.16%$0.138251
11.69%$2,657.94
6.33%$0.00497177
10.52%$0.996901
0.07%$1.50
11.60%$8.51
8.75%$1.053
6.79%$0.070624
12.60%$0.236366
10.05%$1.056
4.88%$2,649.65
6.39%$0.00000044
1.06%$0.00
11.26%$24.15
6.11%$0.057243
6.82%$0.02819279
1.80%$0.118197
8.18%$0.140823
10.78%$3.67
10.64%$72,852.00
5.81%$0.404382
1.92%$11.36
6.91%$0.993127
0.70%$0.04243214
12.60%$1.068
0.16%$2,657.63
6.37%$0.078318
17.03%$45.06
6.72%$1.065
0.32%$0.013463
5.67%$2,656.76
6.42%$7.96
8.84%$0.056591
5.86%$0.501168
4.69%$0.347996
10.39%$0.681108
9.85%$0.204541
16.83%$1.001
0.14%$1.00
-0.01%$3.27
9.63%$0.72185
3.94%$0.00666738
11.48%$2,845.07
6.44%$183.06
3.73%$1.51
4.64%$0.266192
7.01%$1.60
12.94%$2,764.84
6.17%$0.00063903
8.56%$2,922.25
5.94%$83.82
0.99%$0.173794
14.86%$0.784806
8.43%$0.322709
7.15%$0.317864
17.48%$0.459312
8.07%$2.47
0.35%$0.258896
8.86%$1.51
11.48%$0.681341
13.31%$0.00385294
3.73%$0.00094046
10.29%$0.347446
8.66%$0.00171816
9.28%$72,529.00
6.23%$3.61
-2.26%$0.299522
20.13%$1,464.74
5.87%$2.94
27.89%$2,812.76
6.25%$2.44
18.49%$0.02947271
2.12%$2.98
2.10%$72,789.00
5.83%$0.338699
9.57%$46.37
19.35%$0.01479964
6.93%$3.64
3.11%$17.89
5.77%$0.72877
10.29%$23.25
3.93%$0.00482185
6.29%$0.094331
0.17%$6.73
8.47%$0.151546
7.54%$0.240592
7.78%$4.07
6.27%$0.01828657
9.59%$0.362504
3.18%$0.02610549
7.18%India is one step closer to clamping down on crypto. The country’s junior finance minister, Anurag Thakur, said yesterday that there should be more regulation of Bitcoin and other digital assets—and that a bill was being finalized.
Thakur was referring to India’s plan to control digital assets. This includes a framework for a central bank digital currency (CBDC) but also a ban on the use of “private cryptocurrencies”—such as Bitcoin and Ethereum. The bill, however, doesn't yet go into further detail, and it isn't clear how exactly Indian citizens will be restricted in their use of such assets.
RAJYA SABHA STRARRED QUESTION
NO. *79TRADING IN #CRYPTOCURRENCY
Answered by MoS @ianuragthakur
| @FinMinIndia | pic.twitter.com/ujvTT2P7sD
— Office of Mr. Anurag Thakur (@Anurag_Office) February 9, 2021
The legislative proposal, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is yet to be formally released. But Thakur’s speech made it clear that the government wasn’t planning to be lenient with its citizens’ digital stashes.
“The existing laws are inadequate to deal with the subject,” he said, referring to those who own crypto. “The bill is being finalized and will be sent to the cabinet.”
He then added that there are “different definitions of cryptocurrencies or virtual currencies” before noting that it was previously discussed by lawmakers that there would be restrictions on using “private cryptocurrencies.”
It is not clear how strict the new bill will be or what a “ban” would entail. Last year, a draft proposed up to 10 years of prison or fines up to $3.3 million for using decentralized cryptocurrencies such as Bitcoin.
As last reported by Decrypt, a draft bill in January made no mention of a jail sentence.
Though even if the government won’t be willing to put crypto users behind bars, the country’s lawmakers today made it clear that the country has no plans to encourage the use of Bitcoin or other cryptocurrencies.