https://www.taxtmi.com/news?id=18760 The Reserve Bank warns that virtual currencies' anonymity and opaqueness make them susceptible to misuse for laundering and illicit transactions, that they lack underlying asset backing and exhibit high volatility, and that the RBI has not authorised any entity to operate or deal in such currencies, so users and traders engage with them at their own risk while an inter-disciplinary committee examines regulatory responses. en-us Wed, 06 Sep 2017 11:09:31 +0530 Wed, 06 Sep 2017 11:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18760 The Reserve Bank warns that virtual currencies' anonymity and opaqueness make them susceptible to misuse for laundering and illicit transactions, that they lack underlying asset backing and exhibit high volatility, and that the RBI has not authorised any entity to operate or deal in such currencies, so users and traders engage with them at their own risk while an inter-disciplinary committee examines regulatory responses. News - Wed, 06 Sep 2017 11:09:31 +0530 https://www.taxtmi.com/news?id=18760