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		<title>MaritzaFinnegan: Created page with &quot;&lt;br&gt;Presently, the estimated value of a single bitcoin is around 43 Lakh Rupees as of early May 2021.&lt;br&gt;&lt;br&gt;The usual reader would find this a staggering price for a single c...&quot;</title>
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But, in India’s current scenario, the government’s mindset against Bitcoin and other cryptocurrencies is not favorable in light of the official statements by the [https://bit.ly/Bet9jaPromotionalCode Finance Ministry].&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Further, there is also huge talk of a ban being pulled on several cryptocurrencies as per the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which condemns and criminalizes possession, trading, and issuing of [https://www.luno.com/ bitcoins].[https://bit.ly/Bet9jaPromotionalCode bit.ly] However, in midst of this fear for crypto lovers, there have also been clarifications regarding the official position on cryptocurrency:&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;As the finance minister, Ms. [https://bit.ly/Bet9jaHowToRegister Nirmala] Sitharaman, said, there will be emphasis laid on the blockchain and encryption technology used in future dealings. 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