Tag: Bitcoin

Government Cautions Public against Bitcoins and Virtual Currencies. Warns on risk of permanent loss of hard earned money like Ponzi Schemes  In an advisory on “Virtual Currencies” issued today, the Finance Ministry  has raised concern over increase in the price of Virtual ‘Currencies’ (VCs) including Bitcoin, in India …

Inter-Disciplinary Committee to examine Virtual Currencies including Bitcoins related existing framework.  Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies. The Committee to submit its report within three months The circulation of Virtual Currencies which …

RBI-Risk of Virtual Currencies including Bitcoins. Bitcoins as medium for payment is not authorised by any central bank or monetary authority Reserve Bank of India Date : Dec 24, 2013 RBI cautions users of Virtual Currencies against Risks The Reserve Bank of India has today cautioned the users, …