- Constitution of Inter-Ministerial Committee
- Government of India took a major step towards cryptocurrency
- Tremendous rise in this currency in 3 days
The Indian government has taken a major step towards cryptocurrency currency. Minister of State for Finance Anurag Thakur has made a big statement in Rajya Sabha about this. They have said that the process of finalizing the cryptocurrency bill is underway. After this it will be sent to the Union Cabinet. Anurag Thakur has said that a bill will be brought soon. Let me tell you that currently there is no legal framework for cryptocurrency with regulatory bodies like Reserve Bank, SEBI etc. They are not considered to be currency.
Anurag Thakur says that the laws that exist about cryptocurrency are not enough. An inter-ministerial committee has been formed for this. According to this committee, in the year 2018, the RBI banned every transaction related to this currency. But the ban was lifted by the Supreme Court in March 2020. At the same time, there has been a tremendous jump in this currency in the last 3 days this year.
Let me tell you that there has been a huge jump in the prices of Bitcoin, LiteCoin and DogCoin. The price of cryptocurrency i.e. bitcoin has reached a record high in the last 24 hours. Its price is more than $ 47,553 i.e. 34.66 lakh rupees. It has gained 21.47 percent. In such a situation, it would not be wrong to say that if the government brings the bill for it, then it will be able to earn tremendous amount in the coming years.
Elon Musk made a big investment:
Tesla company owner Elon Musk has made a large investment in bitcoin. Giving this information, the company said that the company has invested $ 1.5 billion in bitcoin. This increase has been seen since then.
Let me tell you that a few days ago, RBI’s Payment and Settlement System in India report said that private digit currency, virtual currency or cryptocurrency has become very popular in the last few years. In such a situation, RBI is looking for a digital version of Rs. Let’s know what is cryptocurrency.
Know what is cryptocurrency:
It is a currency that is built on computer algorithms. This currency is not real, in such a way it is made available only on internet and computer. It is called an independent currency. It is a virtual currency. There is a lot of profit in this. There is no regulatory body for this. In such a situation, there is no effect of any devaluation. This currency was launched in the year 2009. At that time its value was 0 dollars. Even by 2010, its price had not reached 1 dollar.
Know what is bitcoin:
It is a cryptocurrency. In 2009, it was first released as open source software. It is not subject to any bank or government. It is not recognized by the RBI in India. But the Supreme Court has recognized this by saying that transactions in cryptocurrency can be done through virtual currency. This simply means that online transactions can take place through bitcoins.