Topic: BitterCo.in Bitcoin News & Analysis (Read 896 times)
The exact regulatory body who can give approval or authorization is also unknown
“No regulatory approvals, registration or authorisation has been obtained by entities concerned for carrying on such activities. As such, they may pose several risks to their users,” the Finance Minister said
What about this statement is there a hidden hint
What about this statement is there a hidden hint
All entities have asked for approvals, etc, but got no reply.
“No regulatory approvals, registration or authorisation has been obtained by entities concerned for carrying on such activities. As such, they may pose several risks to their users,” the Finance Minister said
What about this statement is there a hidden hint
What about this statement is there a hidden hint
yeah, its nice to see that the heads are taking notice.
Government today said the Reserve Bank of India (RBI) is examining legal and security aspects of virtual currencies like bitcoins or litecoins.
“The RBI is presently examining the issues associated with the usage, holding and trading of virtual currencies, including bitcoins, under the extant legal and regulatory framework of the country, including foreign exchange and payment systems laws and regulations,” Finance Minister P Chidambaram said in a written reply in the Rajya Sabha.
The Reserve Bank of India (RBI) in last December had cautioned users, holders and traders of virtual currencies about potential financial, operational, legal, customer protection and security-related risks that they are exposing themselves to.
Chidambaram said the public at large has been informed that creation, trading or usage of virtual currencies as a medium of payment are not authorised by any central bank or monetary authority.
“No regulatory approvals, registration or authorisation has been obtained by entities concerned for carrying on such activities. As such, they may pose several risks to their users,” the Finance Minister said.
“The RBI is presently examining the issues associated with the usage, holding and trading of virtual currencies, including bitcoins, under the extant legal and regulatory framework of the country, including foreign exchange and payment systems laws and regulations,” Finance Minister P Chidambaram said in a written reply in the Rajya Sabha.
The Reserve Bank of India (RBI) in last December had cautioned users, holders and traders of virtual currencies about potential financial, operational, legal, customer protection and security-related risks that they are exposing themselves to.
Chidambaram said the public at large has been informed that creation, trading or usage of virtual currencies as a medium of payment are not authorised by any central bank or monetary authority.
“No regulatory approvals, registration or authorisation has been obtained by entities concerned for carrying on such activities. As such, they may pose several risks to their users,” the Finance Minister said.
I did not get what is going-on on this thread
Damit why do noobs always plagiarizer peoples work
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