4 ms·

the statement issues by RBI earlier, said that anyone who would be found to be dealing in bitcoin, would be considered violating FEMA Where is this statement ?

by ashray 13y ago

the statement issues by RBI earlier, said that anyone who would be found to be dealing in bitcoin, would be considered violating FEMA Where is this statement ? I only have: http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247 http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?pr... Was there another statement from the RBI ?

rikacomet 13y ago
Its there "The absence of information of counterparties in such peer-to-peer anonymous/ pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism (AML/CFT) laws. " anti-money laundering = FEMA, there is no law called AML, there are two laws: FEMA & PMLA. As per the investigation, the right clauses are applied.
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