“India’s central bank is ‘watching’ Bitcoin, the virtual currency that is gaining popularity among Net users, but has no intention of regulating it right now. The Reserve Bank of India, which has its hands full trying to arrest the slump in the value of the rupee, will first seek to understand Bitcoins before seeking to bring it under its purview. ‘As of now we are watching and learning about the developments in Bitcoins but are not regulating it,’ an RBI spokeswoman wrote in an e-mailed response. In a note published in June, the central bank acknowledged that virtual currencies ‘pose challenges in the form of regulatory, legal and operational risks.'”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
With the stroke of a pen, 31 million more Americans have hypertension
Nancy Pelosi sends fifth letter on Syria
Egypt battles energy crunch with ban on too-cold air conditioners
With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-America...
McCain: $1 coin could lead to bigger tips for strippers
Kurds seize Iraq oilfields, ministers pull out of central government
European Car Sales Jump As ECB Stimulus Takes Effect
U.S. Army Opens Bids To Buy $7 Billion In Renewable Energy
Florida woman arrested for riding an endangered manatee
Russia warns of ‘war’ if UN plans to cut oil to North Korea are carried out
Detroit McDonald’s Forced To Close Amid Protest For Higher Wages
US Credit Rating Cut by Egan-Jones to AA-
3D-Printed Gun's Blueprints Downloaded 100,000 Times In Two Days (With Some Help From Kim Dotcom)
Scotland citizenship, passport plans outlined
Man Found Innocent After 20 Years in Prison, But Sent Back Anyway