RBI uncomfortable with crypto currencies including bitcoin

Hello Readers..!! Trust you’re enjoying our corporate updates; On December 05, 2017 Reserve Bank of India issue a press release regarding risky trade of “Crypto Currencies”. Reserve Bank cautions regarding risk of virtual currencies including Bitcoins Attention of members of public is drawn to the Press Release issued by the Reserve Bank of India (RBI) on December 24, 2013, cautioning users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs. Vide press release dated February 1, 2017, RBI has also clarified that...

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