Supreme Court has sought the response of the Centre on a petition seeking regulation of the flow of Bitcoin (Crypto Currency) and wanted that the virtual currency be made accountable to the exchequer
A bench headed by Chief Justice Dipak Misra issued notice to the ministries of Finance, Law and Justice, Information Technology, market regulator SEBI and the RBI....
PETITION HIGHLIGHTS:-
•Issue urgent directions of appropriate nature so as to direct the Respondents to regulate the flow of Bitcoin (crypto money) and to ensure that the same be made accountable to exchequer
•Constitute a committee for framing of appropriate mechanism to regulate the flow of Bitcoin (crypto money) and to ensure that the same be made accountable to exchequer
•Constitute a committee of experts to consider the prohibition/regulation of Bitcoin & other crypto currency
Full Petition Documents here:-
https://drive.google.com/file/d/1ZpYhNZoMnTypxZn45ThA3lrtP1eMOfaQ/view