https://www.taxtmi.com/news?id=19947 A regulatory circular bars regulated financial entities from providing any service related to virtual currencies, including transfer or receipt of funds tied to purchase or sale, and requires existing providers to cease such activities within a prescribed compliance period. The petitioner, seeking to operate a digital asset exchange, challenges the circular as arbitrary and constitutionally invalid and requests formulation of an appropriate taxation and regulatory framework for virtual currencies, citing investment reliance and operational disruption caused by regulatory uncertainty. en-us Mon, 23 Apr 2018 12:14:37 +0530 Mon, 23 Apr 2018 12:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19947 A regulatory circular bars regulated financial entities from providing any service related to virtual currencies, including transfer or receipt of funds tied to purchase or sale, and requires existing providers to cease such activities within a prescribed compliance period. The petitioner, seeking to operate a digital asset exchange, challenges the circular as arbitrary and constitutionally invalid and requests formulation of an appropriate taxation and regulatory framework for virtual currencies, citing investment reliance and operational disruption caused by regulatory uncertainty. News - Mon, 23 Apr 2018 12:14:37 +0530 https://www.taxtmi.com/news?id=19947