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New Delhi: Companies will now be required to disclose their dealings in cryptocurrencies, with the government putting in place stricter disclosure requirements to enhance transparency. The Ministry of Corporate Affairs (MCA) has amended various rules under the companies law pertaining to audit, auditors and accounts. Besides, by making changes to Schedule III of the Companies […]
Shaktikanta Das said he has 'reasons to believe' that the government is in agreement with the 'major concerns' flagged by the RBI about the cryptocurrencies
There are other cryptocurrencies that give similar returns as Bitcoin
A number of theoreticians have designed ways of replicating various functions of modern finance in a decentralised way using Ethereum code
Powell said the Fed prefers to call crypto coins “crypto assets,” because their volatility undermines their ability to store value, a basic function of a currency
Experts feel banning cryptocurrencies would not be so easy as there are various other ways of transacting in virtual currencies
"The Indian Information Technology Act 2000 is completely inadequate to deal with the issues pertaining to digital currency," he said
Is CBDC just the electronic transfer of money or are we looking at something bigger completely re-engineered money working on distributed ledger?
Will Cryptocurrency Bill be a ban only on the currency part with no restrtictions on the asset and utility part?
The only question is how do we, as a nation regulate those assets and utility aspects of cryptocurrencies: Shetty