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Topic: [2017-07-12] BS: RBI keeping a close watch on cryptocurrencies (Read 718 times)

full member
Activity: 194
Merit: 100
Just hope they won't declare it illegal either.


According to me as long as its not illegal that means its legal
newbie
Activity: 56
Merit: 0
I don't think RBI or indian government will legalizes bitcoin soon
legendary
Activity: 1358
Merit: 1000
RBI keeping a close watch on transactions involving cryptocurrencies: Patel

http://www.business-standard.com/article/finance/rbi-keeping-a-close-watch-on-transactions-involving-cryptocurrencies-patel-117071201361_1.html

The Reserve Bank is keeping a close watch on transactions involving cryptocurrencies, Governor Urjit Patel is understood to have told the members of the Parliamentary panel on finance today.

During the more than three-hour long meeting of the Standing Committee on Finance here, the members raised concerns about rising number of transactions in various cryptocurrencies such as Bitcoin, Ethereum, Zcash, litecoin and NEM.

They also wanted to know from the governor whether the use of cryptocurrencies is legally permitted, a member said.


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