Govt does not collect data on Bitcoin, no currency it is

New Delhi : The government does not collect data on Bitcoin and has no proposal to recognize it as a currency, said the Ministry of Finance on Monday.

The reply by the Ministry came after members of Lok Sabha Sumalatha Ambareesh and DK Suresh asked whether the government is aware that the Bitcoin transaction is silently blooming in India in recent years.
“The Government does not collect data on Bitcoin transactions,” said the ministry in a written reply to Lok Sabha.

On asking whether the government has any proposals to recognize Bitcoin as a currency in the country, the ministry replied, “No.” The winter session of the Parliament commenced on Monday.

Both the Upper and Lower Houses have been adjourned till 2 pm. (ANI)