India is not going to recognize bitcoin as a legal tender
The Finance Minister denied rumors of bitcoin's legitimization at a Parliamentary meeting
29.11.2021 - 11:30
843
1 min
0
What’s new? At the meeting of India's Parliament, Finance Minister Nirmala Sitharaman said: “There is no reason to recognize bitcoin as a legal tender.” Previously, it had been suggested that the country could legalize the virtual asset.
#Parliamentwintersession | FM In ParliamentNo proposal to recognise Bitcoin as a currencyHere's more#cryptocurrency #Bitcoin pic.twitter.com/DYXGTobDQ3— CNBC-TV18 (@CNBCTV18Live) November 29, 2021
What else did the Finance Minister say?In addition, the Minister told Parliament that “the government does not collect data on bitcoin transactions.” This is an important statement, given that the authorities have previously called for centralized regulation of cryptocurrency.
What statements were made during the meeting? The opposition recently accused the ruling party and the Indian Prime Minister Narendra Modi of “covering up the bitcoin scam.” During the Parliamentary session, the Prime Minister's representative commented on this issue, stating:
"Information in the public domain informs that a case of cybercrime involving bitcoins has been under investigation by the Karnataka police.”
The government also added that the law enforcement agencies have already taken legal actions in accordance with the legislation.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$66 229
BTC
+1.61%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.14
XRP
+2.75%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.073222
DOGE
+1.88%
-
Zcash
$532.57
ZEC
-2.88%
-
Stellar XLM
$0.191634
XLM
+1.74%
-
Cardano
$0.172593
ADA
+1.87%
-
Polkadot
$3.32
DOT
+5.27%