https://www.taxtmi.com/news?id=19269 Virtual 'currencies' are speculative, unbecked digital instruments that lack intrinsic value, government backing or statutory recognition and therefore carry heightened risks including market volatility, bubble or Ponzi type collapse, cybersecurity losses and potential facilitation of illicit activity. The Government and Reserve Bank have not authorised any VC as legal tender nor licensed any entity to operate exchanges or intermediary services for VCs in India; participants therefore transact without regulatory protection and at their own risk. en-us Fri, 29 Dec 2017 11:05:16 +0530 Fri, 29 Dec 2017 11:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19269 Virtual 'currencies' are speculative, unbecked digital instruments that lack intrinsic value, government backing or statutory recognition and therefore carry heightened risks including market volatility, bubble or Ponzi type collapse, cybersecurity losses and potential facilitation of illicit activity. The Government and Reserve Bank have not authorised any VC as legal tender nor licensed any entity to operate exchanges or intermediary services for VCs in India; participants therefore transact without regulatory protection and at their own risk. News - Fri, 29 Dec 2017 11:05:16 +0530 https://www.taxtmi.com/news?id=19269