{"id":58990,"date":"2018-01-13T14:14:47","date_gmt":"2018-01-13T14:14:47","guid":{"rendered":"http:\/\/www.bnreport.com\/govt-examining-various-aspects-of-virtual-currencies\/"},"modified":"2018-01-13T14:14:49","modified_gmt":"2018-01-13T14:14:49","slug":"govt-examining-various-aspects-of-virtual-currencies","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/","title":{"rendered":"Govt examining various aspects of virtual currencies"},"content":{"rendered":"

NEW DELHI: The committee appointed by the government last year to examine issues related to cryptocurrency<\/a> has submitted its report and is examining pros and cons, including launching of its own cryptocurrency, said a top legal affairs ministry official at an ASSOCHAM<\/a> event held in New Delhi earlier this week. <\/p>\n

Addressing the second Global Summit on P2P Digital Asset System, organised by the Associated Chambers of Commerce and Industry (ASSOCHAM), Anadee Nath Mishra, Additional Secretary, Department of Legal Affairs, Ministry of Law and Justice, said the government is also looking into the allegations that people who had black money had diverted the same to cryptocurrencies in India during the period of demonetisation<\/a> in 2016. <\/p>\n

It was reported that during the period of demonetisation, lakhs of people had used illegal money in bitcoins and that was one of the main factors responsible for the sudden increase in the price of bitcoins. The government is also examining the use of black money, said Mishra. <\/p>\n

There has been a phenomenal increase in recent times in the price of virtual currencies (VCs) including bitcoin<\/a>, in India and globally. <\/p>\n

The VCs don't have intrinsic value and are not backed by any kind of assets. <\/p>\n

The price of bitcoin and other VCs, therefore, is a matter of mere speculation resulting in spurt and volatility<\/a> in their prices. <\/p>\n

There is real risk of investment bubble of the type in ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard earned money. <\/p>\n

Consumers need to be alert and extremely cautious as to avoid getting trapped in such ponzi schemes, said Mishra. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: The committee appointed by the government last ye..<\/p>\n","protected":false},"author":1,"featured_media":58991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-58990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nGovt examining various aspects of virtual currencies - Business News Report<\/title>\n<meta name=\"description\" content=\"NEW DELHI: The committee appointed by the government last ye..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt examining various aspects of virtual currencies - Business News Report\" \/>\n<meta property=\"og:description\" content=\"NEW DELHI: The committee appointed by the government last ye..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-13T14:14:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-13T14:14:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"672\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Govt examining various aspects of virtual currencies\",\"datePublished\":\"2018-01-13T14:14:47+00:00\",\"dateModified\":\"2018-01-13T14:14:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/\"},\"wordCount\":287,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/govt-examining-various-aspects-of-virtual-currencies.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/\",\"name\":\"Govt examining various aspects of virtual currencies - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/govt-examining-various-aspects-of-virtual-currencies.jpg\",\"datePublished\":\"2018-01-13T14:14:47+00:00\",\"dateModified\":\"2018-01-13T14:14:49+00:00\",\"description\":\"NEW DELHI: The committee appointed by the government last ye..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/govt-examining-various-aspects-of-virtual-currencies.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/govt-examining-various-aspects-of-virtual-currencies.jpg\",\"width\":672,\"height\":504},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/govt-examining-various-aspects-of-virtual-currencies\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt examining various aspects of virtual currencies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt examining various aspects of virtual currencies - Business News Report","description":"NEW DELHI: The committee appointed by the government last ye..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/","og_locale":"en_US","og_type":"article","og_title":"Govt examining various aspects of virtual currencies - Business News Report","og_description":"NEW DELHI: The committee appointed by the government last ye..","og_url":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-01-13T14:14:47+00:00","article_modified_time":"2018-01-13T14:14:49+00:00","og_image":[{"width":672,"height":504,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Govt examining various aspects of virtual currencies","datePublished":"2018-01-13T14:14:47+00:00","dateModified":"2018-01-13T14:14:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/"},"wordCount":287,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/","url":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/","name":"Govt examining various aspects of virtual currencies - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg","datePublished":"2018-01-13T14:14:47+00:00","dateModified":"2018-01-13T14:14:49+00:00","description":"NEW DELHI: The committee appointed by the government last ye..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/01\/govt-examining-various-aspects-of-virtual-currencies.jpg","width":672,"height":504},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/govt-examining-various-aspects-of-virtual-currencies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Govt examining various aspects of virtual currencies"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/58990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=58990"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/58990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/58991"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=58990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=58990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=58990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}