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TMI BlogTrading in Bitcoin, Ethereum illegal: JaitleyX X X X Extracts X X X X X X X X Extracts X X X X ..... Trading in Bitcoin, Ethereum illegal: Jaitley X X X X Extracts X X X X X X X X Extracts X X X X ..... n such transactions are doing it at their own risk, Finance Minister Arun Jaitley said today as MPs expressed concern over trading on these platforms. During the Question Hour in Rajya Sabha, DMK mem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ber Kanimozhi sought to know whether the government was considering regulating crypto-currencies like Bitcoin and Ethereum, as India "accounts for more than 11 per cent" of such trade global ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly. Jaitley emphasised that the Centre's consistent position was that such currencies were not legal tender. "The government is examining the matter. A committee under the chairmanship of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecretary, department of economic affairs, is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken," he said. While a repeated message was being given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that such currencies were not legal tender, more detailed steps would be taken once the report of the committee is submitted, he said. Independent member Amar Singh wanted to know what action was bei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng taken in regard to the names which have figured in the Panama papers and Paradise papers, even as trading in bitcoins was also going on. Jaitley said that the government was acting as per the law ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in these matters X X X X Extracts X X X X X X X X Extracts X X X X
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