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3 August 2021

An important statement from the government regarding cryptocurrency, investors who invest in currencies like Bitcoin need to read it once.

An important statement from the government regarding cryptocurrency, investors who invest in currencies like Bitcoin need to read it once.

Cryptocurrency is being considered by the government. The first digital currency will be issued by the RBI soon. Which is currently being worked on rapidly



  • Cryptocurrency will be launched in India shortly
  • Ben will remain on private cryptocurrency
  • The RBI will be the first to issue digital currency


On cryptocurrency, the state finance minister briefed the House today, in which he said the government was considering the possibilities of blockchain technology in the digital economy. He also said that an inter-ministerial panel on private cryptocurrency has asked for a ban. The cryptocurrency that the government will declare in the country will be valid.


Necessary rules will be made


The state finance minister said the inter-ministerial panel would advise on cryptocurrency and then the government would take further action in this direction. If a law has to be made on it, that law will also be introduced in the House by the government.


The RBI will start testing in a few days


A report a few days ago revealed that the RBI was working fast to bring out their digital currency. Also, in a short time, they are going to start testing on it. At present no private currency is legally recognized by the Reserve Bank.


Statement of the Deputy Governor of RBI


The deputy governor of the Reserve Bank also said they were moving fast on the cryptocurrency issue. He also said that the issue of whether digital currency should be used in retail or wholesale was being considered by the Reserve Bank.



Cash transactions will be less


The digital currency will first be issued by the Reserve Bank and later by various banks, although it will also be subject to the rules required by the banks. People will have less cash transactions if digital currency is issued. With the cost behind printing the currency. It will also be reduced to a great extent.

ગુજરાતીમાં ન્યૂઝ રિપોર્ટ વાંચવા માટે અહીંયા ક્લિક કરો.

The value will remain the same


On the whole, Reserve Bank Deputy Governor Shankar has said that the value of digital currency should not be changed. The 100 rupee note and the 100 rupee digital currency will remain the same. You will also be able to easily exchange digital currency.

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