Finance Minister T.V. Somanathan told Bloomberg that buying and selling virtual currencies is not illegal in India. News agency ANI quoted Somanathan as saying, “Bitcoin, Ethereum and NFTs will never become legal tender. Cryptoassets are assets whose value is determined ...
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Not regulated by any central authority Virtual currencies as a means of payment in India are not subject to any regulation by any central authority. There are no rules, regulations, or guidelines for resolving cryptocurrency disputes. Therefore, trading in cryptocurrencies is ...
Legal status of virtual currencies in India India has no central authority to regulate virtual currencies. However, Nirmala Sitharaman’s proposal to tax digital assets has strengthened the legality of these currencies in India. Let us reveal the details of cryptocurrencies and ...
The first sale of the bitcoin in India took place in the year 2010, 10,000 bitcoins were exchanged for just two pizzas, the price of one bitcoin in the initial years of its launch was within the range of $0-1 ...