Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 21, Sunday 2018 9:54 AM       

       HEADLINES: Parish land deal: Five-member committee to reclaim lost money                                              ABVP member’s murder: Four SDPI members arrested                                              Thiruvananthapuram mayor injured in accident                                              Mini Cooper: Probe against Faisal Karat                                              I’m living in a cursed world: Tovino laments killing of ABVP member                                              Earthquake of 5.2-magnitude jolts Assam                                              Bengaluru: 5,000 army jawans douse Bellandur Lake fire                                              Not fair to analyse govt's achievements on only two parameters: Modi                                              I’m an ordinary man, not aware of protocols: Modi                                              Judge Loya case: Bench headed by CJI to hear plea                                              Over 1,600 IS militants killed in Afghan in 2017                                              'I'll give her a week' to lose baby weight, Trump said of Melania                                              Putin takes frigid religious plunge                                              US govt faces shutdown after Senate rejects funding bill                                              Pak raises Jadhav's case in UNSC debate on Afghan                                              Four-nation Hockey tourney: India outplay Kiwis 3-1                                              Paes and Sharan save match point to make pre-quarters                                              Hockey India congratulates Birendra Lakra on completing 150 international caps                                              Second victory for Kerala FC in I League                                              Kaumudi Facebook
       BUSINESS Next Article: 196 cos face penal action for CSR violations: Govt  
       Trading in Bitcoin, Ethereum illegal: Jaitley
 
         Posted on :20:26:33 Jan 2, 2018
   
A A
       Last edited on:20:26:33 Jan 2, 2018
         Tags: Trading in Bitcoin, Ethereum illegal: Jaitley
 
New Delhi: Bitcoins or such crypto-currencies are not legal tender and those indulging in 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 member 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 globally.
 
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 secretary, 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 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 being 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 in these matters.
A A
       BUSINESS
Next Article: 196 cos face penal action for CSR violations: Govt
 
 
BUSINESS HEADLINES
Mauritius largest source of FDI in India: RBI  
Exports rise over 12% due to engineering goods, petro products  
Budget 2018: ASSOCHAM seeks higher outlay for education  
Rise in demand for Yoga accessories from abroad: Expert  
Nine more cities added to Smart City Mission, total now 99  
Gold retailers hopeful of tax relief ahead of Budget  
GST Council discusses making return filing process simpler  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
Patanjali to partner with Flipkart, Amazon  
GST meeting on Jan 18, to discuss real-estate  
Patanjali won't enter into partnerships with global firms: Ramdev  
Sensex retreats from record, slips 72 pts  
RIL to invest Rs. 5K cr in West Bengal: Ambani  
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
Commerce Secretary urges policy framework to address export financing woes  
 
Do you agree with Union Minister Satyapal Singh's opinion that Darwin's theory is scientifically wrong?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy