Rbi circular on cryptocurrency

Can the government seize bitcoin

rbi circular on cryptocurrency The latest directive comes against the backdrop of some banks and regulated entities citing the circular and cautioning customers against payment system providers.

Select your Category Query Suggestion. Check all the latest action. Remove some to bookmark this. In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks, RBI had said in its Booklet on Payment Systems issued in January Milestone Alert.

The circular, issued on Monday, is addressed to all commercial and co-operative banks, payments banks, small finance banks, NBFCs and dealing in virtual currencies.

account_circle Nehn

calendar_month 02.01.2022

In my opinion it is obvious. I will not begin to speak this theme.

Best crypto.exchanges

In , Indians can travel to these countries visa-free. Cryptocurrency, also known as digital or virtual currency, has become a topic of much debate in India. The Reserve Bank of India RBI today clarified that banks and other entities cannot cite its order on virtual currencies as it has been set aside by the Supreme Court of India in However, there are also arguments against regulating cryptocurrency in India.