Panel on Crypto currency

Panel on Cryptocurrency

The panel on cryptocurrency, headed by Economic Affairs Secretary Subhash Garg, is expected to submit its report. The panel was set up in 2017 to study the impact of cryptocurrencies and come up with recommendations to regulate them. In his budget speech Finance minister said that cryptocurrencies are not legal tender. However, the Centre will explore the uses of blockchain technology, the encrypted data structure on which cryptocurrencies are built.

Source: IE

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