Tag: virtual currencies

Inter-Ministerial Committee report on Virtual Currencies and Draft Bill Banning Cryptocurrency

Inter-Ministerial Committee on Virtual Currencies submits its Report along with Draft Bill ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’   The Government had constituted an Inter-Ministerial Committee (IMC) on 2.11.2017 under the Chairmanship of Secy (EA), with Secy (MeiTY), Chairman (SEBI) and Dy. Governor, …

Govt. cautions public against Bitcoins and Virtual Currencies. Warns on risk of money like Ponzi Schemes

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.

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 …