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Showing posts from November, 2021

Is bitcoin or cryptocurrency legal?

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Is bitcoin or cryptocurrency legal? Today 30 november 2021 in rajyasabha Finance minister discussed about cryptocurrency. She said yet there is no intention to ban all cryptocurrency b ut there is a need to regulate and she also said that we have not yet made any discussion to ban the cryptocurrency advertisement, all the things is discussed once it is to be passed by cabinet then it will present in lok sabha then we will discussed what to do (not to ban or come up with some regulation).  RBI ,Goverment and SEBI  is taken steps to aware the youth about the risk associated with cryptocurrency . Today this question is asked from FM why all the time bill presented but not discussed she replied we have consider the world  situation because things are changed  that's the reason we take time to come up with  revised bill . Hopefully this will be helpful, stay connected and thanks for precious time to read. Disclaimer: Trading only that amount which you afford to risk . It is subject to m

Cryptocurrency ban as a currency?

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Today 29 November 2021 winter session started in which crypto is also addressed. Our Union Finance minister Nirmala Sitaraman on Monday in parliament reply on question is that the government does not collect any data on bitcoin transaction ,it is also said that there  no proposal to consider the bitcoin as a currency. Currently there is no regulation or ban in crypto currency in India but according to lok sabha website they seeks to prohibit all private crypto currency with certain exception to promote the underlying technology and it's uses.  Rbi  has strong opinion from the begining to ban all crypto currency and come with goverment owned digital currency (CBDC) .But prime minister in recently meeting said they need to regulate it .so these kind of contradiction is always existed so we have to wait and watch clear clarification from goverment side. Hopefully this will be helpful, stay connected and thanks for precious time to read. Disclaimer: Trading only that amount which you a

In winter session Crypto ban or not ?

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  In winter session Crypto ban or not? winter session  started from 29 november ,in this session goverment table the bill on which they  discuss from all those resolution ,but amongst hot resolution in that time on we which public want clarification is crypto bill ,because some broadcasting channel tells that it would complete ban but this statement is not come from goverment side .Goverment said in last couple of days they want to regulate it.  But there is contradiction on definition of private cryptocurrency because goverment state in previous year private crypto is all crypto which is not owned by goverment or state but on the other hand digital definition state all currency which is not  run on any blockchain termed as private crypto . So wait and watch what goverment  said in this session because this bill copy paste of February bill. Hopefully this will be helpful, stay connected and thanks for precious time to read. Disclaimer: Trading only that amount which you afford to risk

El Salvador planned first" bitcoin city"

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El Salvador planned to built first bitcoin  city which will be initially fund by bitcoin backed fund bond  .  In  recent Saturday live interaction with public ,the president of el salvador nayib bukele said inspite of public burnt atm ,el salvador is planned to become world first bitcoin city. In the first stage protester rallied against bitcoin acceptance and they burnt bitcoin atm and salvador get their insurance .As we announced that we become word first city so we need to have build geothermal power plant to produce electricity so we decide it would be first retrived from old  volcano then from new volcano for mining  process, it is not just idea to built bitcoin city we actually set the legal municipality right there and  it include everything museum ,port ,railway ,airport ,entertainment.  President said the country would not impose any kind of tax on public except value added tax , half of collection of VAT levy fund would be use to bond issued to built the city and other half u

क्रिप्टो-मुद्रा या बिटकॉइन PM MODI ने video conferencing के जरिए THE SYDNEY DIALOGUE कार्यक्रम को सम्बोधित करते हुए कहा

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क्रिप्टो-मुद्रा या बिटकॉइन PM MODI ने video conferencing के जरिए THE SYDNEY DIALOGUE कार्यक्रम को सम्बोधित करते हुए कहा  नमस्कार दोस्तो स्वागत हे आप सबका cryptokiduniya मे भारत के प्रधानमंत्री नरेंद्र मोदी जी ने विडियो के जरिए द सिडनी डायलॉग कार्यक्रम को सम्बोधित करते हुए कहा हे कि  भारत बदलाव के उस समय में हे जो एक युग में एक बार होता है।  डिजिटल युग हमारे आसपास सब कुछ बदल रहा है, इसने राजनीति, अर्थव्यवस्था और समाज को फिर से परिभाषित किया है।  यह साम्राज्य, शासन, नैतिकता, कानून, अधिकारों और सुरक्षा पर नए सवाल उठा रहा है। यह अंतरराष्ट्रीय प्रतियोगिता, शक्ति और लीडरशीप को नया रूप दे रहा है।  इसने आगे बढ़ना और सफलता के अवसरों के लिए एक नए युग की शुरुआत की है, लेकिन भारत समुद्र के तल से लेकर साइबर से लेकर अंतरिक्ष तक विभिन खतरों में नए संकट और संघर्षों के नए रूपों का भी सामना करता हैं।  टेकनोलजी पहले से ही दूनिया भर की प्रतियोगिता का एक बहुत बड़ा साधन बन गई है और भविष्य की अंतर्राष्ट्रीय व्यवस्था को आकार देने की टेकनोलजी और डेटा नए हथियार बन रहे हैं, लोकतंत्र की सबसे बड़ी ताकत खुलापन है,

Modi Government on cryptocurrency

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Cryptokiduniya.com  Today government mention on crypto in their  statement that " all the democratic nation have to work together ,so that it does not goes into wrong hand and to protect our youth .Whether all the wonderful power of our technology of our age will be instrument of cooperation or conflict ,coercion or choice ,domination and development and oppression or opportunity" From these statement of government on crypto, we can conclude that government has extended their hand to regulation on these things , as per news around that government may present the bill on crypto, on coming winter session or in coming  financial budget   Hopefully this will be helpful, stay connected and thanks for precious time to read. Disclaimer: Trading only that amount which you afford to risk . It is subject to market risk, because it`s highly volatile market.