No proposal to recognise Bitcoin as currency: FM

Finance Minister Nirmala Sitharaman today said that the government has no proposal to recognise Bitcoin as a currency in the country. Replying to a question, she also informed the Lok Sabha that the government does not collect data on Bitcoin transactions.

‘No steps taken yet to curb advertisements about cryptocurrency, but investors have been cautioned. More will come with the Bill,’ Nirmala Sitharaman said. On questions raised on regulation of cryptocurrency, she did not answer, saying, ‘Keeping the propriety of the House, any answer now will preempt the discussion which will come with Bill. That discussion would be held.’