The Govt. had constituted an Inter-Ministerial Committee to study the issues related to virtual currencies and propose specific action to be taken in this matter. The Group’s report, along with a Draft bill has been received by the Government whereby it has recommended banning of cryptocurrencies in India and imposing fines and penalties for carrying n of any activities connected with cryptocurrencies in India.
from taxmann.com News https://ift.tt/2JLHDNe
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