Govt.examining various aspects of virtual currencies
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The committee appointed by the government last year to examine issues related to cryptocurrency has submitted its report and examining pros and cons, including launching of its own crypto currency, said a top legal affairs ministry official said at an ASSOCHAGovt.examining various aspects of virtual currencies
The committee appointed by the government last year to examine issues related to cryptocurrency has submitted its report and examining pros and cons, including launching of its own crypto currency, said a top legal affairs ministry official said at an ASSOCHAM event held in New Delhi earlier this week.Addressing the second Global Summit on P2P Digital Asset System, organised by the Associated Chambers of Commerce and Industry (ASSOCHAM), Anadee Nath Mishra, Additional Secretary, Department of Legal Affairs, Ministry of Law and Justice, said the government is also looking into the allegations that people who had black money had diverted the same to cryptocurrencies in India during the period of demonetisation in 2016.It was reported that during the period of demonetisation, lakhs of people had used illegal money in bitcoins and that was one of the main factors responsible for the sudden increase in the price of bitcoins. The government is also examining the use of black money, said ... Read more