Indian Central Bank: Bitcoin Isn’t Authorized, Use with Caution
With a public statement, India’s central bank, the Reserve Bank of India (RBI), has – once again – said it has not authorized any use of virtual currencies like bitcoin among companies or individuals in the country. In a public release on its website, the RBI has stated: The Reserve Bank of India advises that it has not given any licence / authorization to any entity / company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader etc., dealing with virtual currencies will be doing so at their own risk. India’s financial regulator....
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