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Experts feel banning cryptocurrencies would not be so easy as there are various other ways of transacting in virtual currencies
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"The Indian Information Technology Act 2000 is completely inadequate to deal with the issues pertaining to digital currency," he said
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Is CBDC just the electronic transfer of money or are we looking at something bigger completely re-engineered money working on distributed ledger?
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Will Cryptocurrency Bill be a ban only on the currency part with no restrtictions on the asset and utility part?
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The only question is how do we, as a nation regulate those assets and utility aspects of cryptocurrencies: Shetty
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Non-fungible token is a digital certificate, which establishes absolute ownership of digital artwork.
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“...while the RBI may take a call on official cryptocurrency but from our side, we are very clear that we are not shutting off all options,” the finance minister said
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Bitcoin, which was launched in 2009, hit the headlines in 2017 after soaring from less than $1,000 in January to almost $20,000 in December of the same year
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"Digital ownership is going to be a thing in the future where everyone will be able to show off some token that they own and hold on their mobile phone."
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Hiding one's financial transactions will become very difficult with CBDC, experts suggest