{"id":289,"date":"2014-02-12T23:14:00","date_gmt":"2014-02-12T23:14:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/reserve-bank-of-india-closely-examining\/"},"modified":"2021-02-11T03:58:41","modified_gmt":"2021-02-11T01:58:41","slug":"reserve-bank-of-india-closely-examining","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/02\/reserve-bank-of-india-closely-examining.html","title":{"rendered":"Reserve Bank of India closely examining digital currencies"},"content":{"rendered":"<div style=\"text-align: justify;\">(<a href=\"https:\/\/www.thehindu.com\/business\/Economy\/rbi-examining-legal-security-aspects-of-bitcoins-fm\/article5677205.ece\" target=\"_blank\" rel=\"noopener\">The Hindu<\/a>) A number of countries around the world are taking a close look at the use of bitcoin and other digital currencies, and India is no exception. It is being reported that the country\u2019s government on Tuesday said that the Reserve Bank of India (commonly known as RBI) is taking a close look at both the legal and security elements of digital currencies.<\/div>\n<div style=\"text-align: justify;\">\n<p>\u201cThe RBI is presently examining the issues associated with the usage, holding and trading of virtual currencies, including bitcoins, under the extant legal and regulatory framework of the country, including foreign exchange and payment systems laws and regulations,\u201d said P. Chidambaram, Finance Minister.<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4336 alignleft\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/02\/Reserve-Bank-India-Seal-1.jpg\" alt=\"seal reserve bank india\" width=\"215\" height=\"203\" \/>This isn\u2019t the RBI\u2019s first run-in with digital currencies, though. Late last year (Christmas Eve, in fact), it was reported that the RBI issued a public advisory on bitcoin, warning citizens if its potential pitfalls. \u201cNo regulatory approvals, registration or authorization has been obtained by entities concerned for carrying on such activities. As such, they may pose several risks to their users,\u201d said Chidambaram.<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>(The Hindu) A number of countries around the world are taking a close look at the use of bitcoin and other digital currencies, and India is no exception. It is being reported that the country\u2019s government on Tuesday said that the Reserve Bank of India (commonly known as RBI) is taking a close look at [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,353,542],"tags":[764,1023,1201],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reserve Bank of India closely examining digital currencies -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2014\/02\/reserve-bank-of-india-closely-examining.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank of India closely examining digital currencies\" \/>\n<meta property=\"og:description\" content=\"(The Hindu) A number of countries around the world are taking a close look at the use of bitcoin and other digital currencies, and India is no exception. 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