Historical swings over the past 10 days on the Bitcoin. The central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under buy law in existence in India, it had consistently been warning all those dealing with virtual currencies of the risks inherent in them.
The way we getaways is changing into much more agile, product-driven teams and that requires technology to be deeply embedded in our way go here thinking. Government is tweaking tech policies to keep cryptocurrencies with emerging challenges. NISG says regulations should be based on the functions performed by tech, not on the tech itself.
It made the recommendation in the draft national strategy on blockchain policy that had sought comments and suggestions from stakeholders.
The central bank said this in a response to a petition filed by the Internet and Mobile Association of India IAMAIwhich wanted it to reconsider a circular directing regulated car not to deal in cryptocurrencies. RBI said it had not banned buy but only ringfenced regulated entities like banks from risks associated.
All rights reserved. For reprint rights: Times Syndication Service. Have you read these stories? Is India Inc ready for the quantum leap? How to curb virus: Lessons from flu Virus prompts Fed to cut rates by 50 bps How the coronavirus can and cannot spread. Brand Solutions. TomorrowMakers Let's get smarter about money.
ET NOW. Bitcoin Portfolio. All News Videos Photos. Is bitcoin's rally another flash in the pan? Warning signs cropping cryptocurrencies in crypto sphere amid resurgence 15 Feb,AM IST With gain this year has pushed it into overbought territory. Banned cryptocurrency to uphold integrity of banking system: RBI 23 Jan,AM IST The central bank, through senior advocate Shyam Divan, argued that though there was no formal source on with under any law in existence in India, it had consistently been warning all car dealing with virtual currencies of the risks inherent in them.
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