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Experts say CBDC is widely meant to be used as a new payment technology for lowering costs and increasing efficiency
Will study report of ministerial committee on cryptocurrency, says Anurag Thakur
"Crypto is that opportunity for us to be the first early movers"
The government is planning to introduce a bill in Parliament to bar companies and individuals from dealing in cryptocurrencies while creating a framework for an official digital currency
The seemingly unstoppable rise of Bitcoin took the digital currency to $58,000 for the first time
There are around 10 million crypto investors in India with the daily turnover of around $100 million.
"Bitcoin ascent has been steeper than any other financial innovation or asset bubble of the past 50 years"
Rising Covid-19 cases in multiple states and concerns related to valuations are weighing on market sentiments.
Fraud cryptocurrency schemes promises high guaranteed returns and generally ask you to add members to your network.
Although SEBI has not issued any written order in this regard, it has reportedly asked the concerned authorities to not allow any promoter to hold the cryptocurrency that is not issued by the state