Topic: [2017-06-27] India’s Finance Minister Holds Meeting to Discuss Bitcoin ‘Risks’ (Read 3034 times)
June 27, 2017, 04:42:05 PM
From the looks of it, India has still a long way to go before bitcoin can finally be legalized or regulated. I initially thought that they are going closer because a I read that they will adopt it. However, with this news today, there are hurdles still but I think bitcoin enthusiast in India will see the light at the end of the tunnel before the end of the year.
June 27, 2017, 03:00:41 PM
India’s finance minister has an inter-ministerial meeting today to examine risks related to virtual currencies like bitcoin.
According to local reports, India’s finance minister Arun Jaitley convened an inter-ministerial meeting to discuss risks related to virtual currencies. The meeting was attended by several prominent decision makers including India’s IT minister, economic affairs minister, the financial services secretary and other senior officials.
First reported by the Press Trust of India (PTI), a non-profit news cooperative, the finance minister discussed ‘several concerns’ related to bitcoin. Details remain scarce and there’s no word on what these ‘concerns’ are. However, no decisions related to digital currencies were taken, according to a PTI source.
In March, the Indian finance ministry formed an inter-governmental committee to research and propose a framework for the future of virtual currencies in the country. The committee has taken cues from existing regulatory and legal structures toward digital currencies from countries like Japan and the United States. Toward the end of May, the government established a public forum to invite citizen comments on virtual currencies. An overwhelming majority called for the legalization of digital currencies in the country.
The last official statement by the government, via India’s central bank, called for caution when using digital currencies, adding that any companies dealing with ‘Bitcoin or any virtual currency’ weren’t licensed or authorized to do so.
Read more
https://www.cryptocoinsnews.com/indias-finance-minister-holds-meeting-discuss-bitcoin-risks/
According to local reports, India’s finance minister Arun Jaitley convened an inter-ministerial meeting to discuss risks related to virtual currencies. The meeting was attended by several prominent decision makers including India’s IT minister, economic affairs minister, the financial services secretary and other senior officials.
First reported by the Press Trust of India (PTI), a non-profit news cooperative, the finance minister discussed ‘several concerns’ related to bitcoin. Details remain scarce and there’s no word on what these ‘concerns’ are. However, no decisions related to digital currencies were taken, according to a PTI source.
In March, the Indian finance ministry formed an inter-governmental committee to research and propose a framework for the future of virtual currencies in the country. The committee has taken cues from existing regulatory and legal structures toward digital currencies from countries like Japan and the United States. Toward the end of May, the government established a public forum to invite citizen comments on virtual currencies. An overwhelming majority called for the legalization of digital currencies in the country.
The last official statement by the government, via India’s central bank, called for caution when using digital currencies, adding that any companies dealing with ‘Bitcoin or any virtual currency’ weren’t licensed or authorized to do so.
Read more
https://www.cryptocoinsnews.com/indias-finance-minister-holds-meeting-discuss-bitcoin-risks/
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