Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs … Read More →
The legal position of bitcoins is in ‘Grey Zone’ right now. Though under any existing law, Bitcoin is declared as illegal technically which means people can freely trade in bitcoins. However, time and again the Reserve bank of India has issued notifications warning about dealing in various virtual currencies cautiously and at their individual risk … Read More →