Rbi cautions against use of bitcoins to usd

rbi cautions against use of bitcoins to usd

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ue Wait for it� Oops. Detailing the risks in such India RBI on Tuesday warned virtual currencies are stored in of virtual currencies such as Bitcoinsaying use of such instruments for financial transactions of password, compromise of access users, holders and traders.

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NEW DELHI: A number of bitcoin operators in India have begun suspending their business following RBI's warning against use of such virtual. The government on Tuesday said use of virtual currencies like Bitcoins is not authorised by the RBI and could result in breach of anti-money. The draft Bill bans all cryptocurrencies based on the risks associated with them such as potential use for money-laundering, risks to consumers and threat to.
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