Photo: NDTV
Consultation On Cryptocurrencies Done, Papers Will Be Submitted Soon
The Economic Affairs Secretary Ajay Seth addressed the media and said, they have completed the consultation on cryptocurrencies and will submit the report soon. Seth on May 30, said, "A global response is needed to deal with the challenges posed by crypto." His statement came on the lines of an event organized by Union Finance Minister Nirmala Sitharaman. Notably, bitcoins and their usage legally is a concern globally.
Tags: Cryptocurrencies, FINANCE MINISTRY, Nirmala Sitharaman, Ajay Seth, Indian Govt
Courtesy: The Free Press Journal
Photo: NationaWorld
Bitcoin Falls More Than 4%, Nearing $60,000 In A Day
Bitcoin, the world's biggest and best-known cryptocurrency, reportedly fell to more than 4 percent on November 16. According to reports, the cryptocurrency was seen at an all-time high for a week nearing $69,000. Ether, the second-largest cryptocurrency was also reported to be down by 4.5 percent at $4,355.4. Analysts have said that the downfall is caused by profit-taking after the sharp run-up.
Tags: Bitcoin, Ether, Cryptocurrencies, net profit, cryptocurrency polygon
Courtesy: Reuters
Photo: The Week
Govt Open To Evaluate Cryptocurrencies In Governance: Anurag Thakur
Addressing an event organised by the Entrepreneur's Organisation, Union Minister Anurag Thakur reiterated the Centre's willingness to improve governance by evaluating and using cryptocurrencies. Besides, Anurag welcomed innovation mentioning blockchain technology. Interestingly, the Reserve Bank of India banned cryptocurrency trading in 2018, directing all government-regulated concerns to stop dealing in cryptocurrency. However, the Supreme… read-more
Tags: RBI, Anurag Thakur, Cryptocurrencies, Bitcoin
Courtesy: The Financial Express
