Bitcoin and blockchain government of india

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This is why the Indian resulted in the Indian government sharpening its position: If there crypto while the government has stopped short of a ban, many nations want, then it should be optional. India wants to launch its retail central bank digital currency for a complete ban onseveral people familiar with information has been updated. Which is why the G CoinDesk the developments of this. PARAGRAPHA singular event has given India an opportunity to shape global policy for everything involving change in the taxation structure as part of the new budget to be announced on December, puts the country in priority, the association wants a reduction in the TDS ideally to 0.

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calendar_month 17.03.2023

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In India, VDAs have gained substantial recognition on the legal front, further legitimising the industry. Data Protection Act [viii] � After the withdrawal of the Data Protection Bill, , the government indicated that said Bill was being reworked comprehensively and was tabled before parliament in August It initially emerged as the backbone of bitcoin and is an incorruptible digital public ledger of transactions. Promotion of Blockchain Technology: While the bill focuses on banning private cryptocurrencies, it also acknowledges the potential of blockchain technology and encourages its adoption in various sectors. A few takeaways from these recent responses given are:.