[2017-04-12] ET: Fin Ministry sets up panel to take stock of virtual currencies

[polynesia]

Finance Ministry sets up panel to take stock of virtual currencies

http://economictimes.indiatimes.com/news/economy/policy/finance-ministry-sets-up-panel-to-take-stock-of-virtual-currencies/articleshow/58147751.cms

Finance Ministry today constituted an inter-disciplinary committee to examine the existing framework for virtual currencies, including bitcoins, and suggest measures to deal with issues like money laundering.

The committee, to be chaired by special secretary (Economic Affairs), will submit its report within three months, a finance ministry statement said.

The inter-ministerial group will have representatives from revenue department, home ministry, RBI, ministry of electronics and information technology and State Bank of India.

The committee will take stock of the present status of virtual currencies, both in India as well as abroad.

[1715471320]

1715471320

[bitcoinisbest]

Though the Fin Ministry have setup the panel, but its difficult since MP Mr Kirit have already informed and given his opinion to all the required institutions about the bitcoin.
Below is the interview given to Moneycontrol. From this its very clear about the ban coming in India.


http://www.moneycontrol.com/news/interview/bitcoin-culprit-behind-money-laundering-unhappy-with-rbi-for-ignoring-it-mp-kirit-somaiya-2256425.html

[polynesia]

Covered by other publications as well.

http://www.thehindu.com/business/panel-to-suggest-norms-for-bitcoins-virtual-currencies/article17956474.ece
http://www.hindustantimes.com/business-news/bitcoin-virtual-currencies-under-scanner-of-indian-regulators-to-curb-money-laundering/story-qGTOURfa8GqGlIgLfEZanM.html