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Topic: [2017-06-20] DNA: Govt to decide on bitcoin framework next week (Read 405 times)

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Govt to decide on bitcoin framework next week

http://www.dnaindia.com/business/report-govt-to-decide-on-bitcoin-framework-next-week-2477609

To deliberate upon the framework of virtual/cryptocurrencies, the finance ministry has convened a meeting of all key officials next week.

The meeting was earlier scheduled for Monday but was later postponed, according to people close to the development.

The issue of whether virtual currencies or bitcoins should be banned, regulated or self-regulated is being deliberated for sometime. The meeting will be attended by Niti Aayog vice chairman Arvind Panagariya, Reserve Bank of India (RBI) governor Urijit Patel, Securities and Exchange Board of India chairman Ajay Tyagi and other key officials.

Last month the government had sought comments from the public on platform MyGov for deciding the viability or other wise of virtual currencies. "In case VCs are not suggested to be regulated: What should be the effective self-regulatory mechanism? (and) what measures should be adopted to ensure consumer protection in this scenario?" the government had asked the public.
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