Panel not in favour of legalising virtual currencies
Says
no need for a full ban; Finance Ministry to work on norms to regulate them
New Delhi, August
16:
The
Finance Ministry will work out a roadmap to regulate the use of virtual
currencies such as bitcoins based on the report of an official committee that
has suggested not to legalise them.
While
welcoming the use of new technologies such as block chain, the committee is
said to have proposed that the use of crypto-currencies should not be permitted
in the country. It is also not in favour of a complete ban, but is understood
to have recommended stringent provisions for regulating it.
“The
committee constituted by the Finance Ministry has submitted its report. It is
under examination,” said a person familiar with the development.
Link | http://www.thehindubusinessline.com/money-and-banking/panel-not-in-favour-of-legalising-virtual-currencies/article9820210.ece
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