[2018-01-01] MInt: Bitcoin exchanges set to face increased scrutiny

[polynesia]

Bitcoin exchanges set to face increased scrutiny

http://www.livemint.com/Money/ZIcNvkvBVchruocL9t2kkL/Bitcoin-exchanges-set-to-face-increased-scrutiny.html

Bitcoin exchanges are set to come under investigative agencies’ scanner after the government warned people of the risk of investing in cryptocurrencies, which are not backed by government fiat, and likened them to Ponzi schemes.

Enforcement agencies could act against bitcoin platforms and exchanges for illegal money pooling, an official at an enforcement agency said on condition of anonymity.

The capital markets regulator, the Securities and Exchange Board of India (Sebi), too will take action against these exchanges if they are serving as collective investment schemes, a senior Sebi official said on condition of anonymity.

[1715658582]

1715658582

[1715658582]

1715658582

[bitcoinveda]

Look like the government is not in a mood to listen to the exchanger and do whatever they want to humiliate bitcoin traders with tax penalty to warn threaten and tighten coin trade in India

[dulari1]

even after taking taxes on crypto currencies indian govt want to humiliate these exchanges and traders .. very bad .