https://www.taxtmi.com/news?id=12172 The Reserve Bank cautions that Virtual Currencies are not authorised by any central bank, that operators lack regulatory approvals, and that users face electronic wallet security risks, absence of centralised dispute/charge-back mechanisms, price volatility, uncertain legal status of trading platforms, and AML/CFT exposure; the Bank is examining these activities under existing foreign exchange and payment systems laws and regulations. en-us Tue, 24 Dec 2013 12:59:08 +0530 Tue, 24 Dec 2013 12:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12172 The Reserve Bank cautions that Virtual Currencies are not authorised by any central bank, that operators lack regulatory approvals, and that users face electronic wallet security risks, absence of centralised dispute/charge-back mechanisms, price volatility, uncertain legal status of trading platforms, and AML/CFT exposure; the Bank is examining these activities under existing foreign exchange and payment systems laws and regulations. News - Tue, 24 Dec 2013 12:59:08 +0530 https://www.taxtmi.com/news?id=12172