Government sets up a panel to examine framework for Virtual Currencies


The Government has set up an Inter-Disciplinary Committee to examine the existing framework with regard to Virtual Currencies.

The Committee will take stock of the present status of Virtual Currencies both in India and globally. It will also examine the existing global regulatory and legal structures governing these Currencies. 
The Finance Ministry stated that the committee will suggest measures for dealing with such currencies including issues relating to consumer protection and money laundering. The Committee will be chaired by Special Secretary of Economic Affairs, Shri Dinesh Sharma.
Takeaways from above News-
  • Government sets up a committee to examine framework for Virtual Currencies
  • The committee will be chaired by Special Secretary of Economic Affairs, Shri Dinesh Sharma.

If you have any other takeaways, do share with us in the comment section
Source- The Indian Express

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