Nirmala Sitharaman Is Going To Approve Cryptocurrency Bill Very Soon
Nirmala Sitharaman is going to approve the Cryptocurrency Bill very soon. Cryptocurrency is growing very fast in India. Now many people in India have started trading in cryptocurrency rapidly. The speed with which cryptocurrency trading is growing is a matter of concern for the government. The Union Cabinet is supposed to take up a bill to control cryptocurrency and its expanding market in India, Finance Minister Nirmala Sitharaman said on August 16, 2021. Finance Minister Nirmala Sitharaman said that the proposed legislation on cryptocurrencies has been postponed before the Cabinet and is awaiting its approval.
Taxes on Bitcoin in India | Is Bitcoin Legal in India
Taxes on Bitcoin in India: These back-to-back lockdowns made people realize the value of getting a passive income source. In search of a good passive earnings source, we Indians tried some ways to make good money. Some started their own business from home and a few started investing in IPOs and real estate. However, plenty of people prefer to invest in cryptocurrencies. Bitcoin is a cryptocurrency created by Satoshi Nakamoto. you’ll buy or sell bitcoins on a bitcoin exchange. Any bank or government doesn’t regulate the currency. Blockchain is the core technology behind bitcoin and other cryptocurrencies. It’s a public ledger of data that records all bitcoin trades.