Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  5. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  8. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
    Iranian President Pezeshkian in Pakistan to strengthen bilateral ties
    Punjab Vigilance Bureau raids Ranjit Singh Gill's residence, day after he joins BJP
    Feedback from all stakeholders over land pooling policy to be further taken into account: Mann
    Guwahati Central Administrative Tribunal gets permanent address
    No skeletal remains found at two more suspected burial sites in Dharmasthala
    'Digital arrest' scammers target Shimla residents
    Bihar polls: INDIA bloc leaders to meet in Delhi next week, says Farooq Abdullah
    Tree plantation drive gets overwhelming support from industry in Gurugram
    HP govt spends Rs 22.18 cr on computerisation of 870 PACS, 919 societies selected in 2nd phase
    BJP accuses Rahul Gandhi of 'lying' about Arun Jaitley, demands apology
    MP CM lays foundation stones of 6 units in Sehore entailing investment of Rs 2k cr
    Technology can break geographical barriers, bring legal aid to doorstep: SC judge Surya Kant
    Goa CM slams Rahul Gandhi for alleging Arun Jaitley threatened him on farm laws
    India performed record 18,900 organ transplants in 2024: Nadda
    Delhi govt aims to simplify licensing, create unified portal to boost business environment
    Centre urges Bengal, other states to harness 100 pc inland fisheries potential: Rajiv Ranjan Singh
    ED arrests MD of Odisha-based company in 'fake' bank guarantee racket case
    IndiGo imposes flying ban on unruly passenger
    Odisha Guv asks real estate developers to invest in tier 2 & 3 cities
    India on path to becoming third-largest economy, must remain alert to own economic priorities: PM Modi

Are you sure you want to delete "My most important" ?

NOTE:

News

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse

    News

    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :

    Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies

    April 12, 2017

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.

    The Committee to submit its report within three months

    The circulation of Virtual Currencies which are also known as Digital/Crypto Currencies has been a cause of concern. This has been expressed in various fora from time to time. Reserve Bank of India had also cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to vide it’s press releases dated 24th December, 2013 and February 1, 2017.

    In order to examine the existing framework, Department of Economic Affairs, Ministry of Finance has constituted an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) and representatives from Department of Economic Affairs, Department of Financial Services, Department of Revenue (CBDT), Ministry of Home Affairs, Ministry of Electronics and Information Technology , Reserve Bank of India ,NITI Aayog and State Bank of India. The Committee will (i) take stock of the present status of Virtual Currencies both in India and globally; (ii) examine the existing global regulatory and legal structures governing Virtual Currencies; (iii) suggest measures for dealing with such Virtual Currencies including issues relating to consumer protection, money laundering , etc; and (iv) examine any other matter related to Virtual Currencies which may be relevant.

    The Committee has been tasked to submit it’s report within three months.

    Topics

    ActsIncome Tax