Finance Minister Arun Jaitley today held an inter-ministerial meeting to examine risks related to virtual currencies (VCs) like bitcoins.
Several issues concerning bitcoins were discussed, according to sources. The meeting was attended by IT Minister Ravi Shankar Prasad, NITI Aayog Vice Chairman Arvind Panagariya, Home Secretary Rajiv Mehrishi, Economic Affairs Secretary Tapan Ray, Financial Services Secretary Anjuly Chib Duggal and other senior officials.
The government has been debating over issues concerning bitcoins and had last month sought public opinion on allowing virtual currencies.
The circulation of VCs has been a cause of concern among central bankers the world over for quite a while now. Reserve Bank of India had also cautioned the users, holders and traders of VCs, including bitcoins.
In March, the Finance Ministry had constituted an Inter- Disciplinary Committee to take stock of the present status of VCs both in India and globally and suggest measures for dealing with such currencies.
I hope the news will pick up on some positive trends rather than using the ugly C word...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree, but this govt has been very open to economic growth and digitalisation. Right up in
bitcoins alley!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So lets say the Indian Finance Ministry says >>> "OK, bitcoin is neat,let's acknowledge it as a form or money." How do you think that would affect the price of Bitcoin? And why is bitcoin falling from $2900 when it just received "multiple" approvals throughout Asia leading to that high?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Natural correction, it was sort of due. A correction almost always outweighs these baby steps
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You forgot to add >>>"...and the good news for us buy the pullback! hopefuls is that in most instances things roll down hill faster than uphill." :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @goradyne! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit