{"id":593,"date":"2018-01-18T10:06:54","date_gmt":"2018-01-18T10:06:54","guid":{"rendered":"http:\/\/www.wakilsahab.in\/news\/?p=593"},"modified":"2018-01-18T10:06:54","modified_gmt":"2018-01-18T10:06:54","slug":"india-s-supreme-court-pushes-govt-to-check-bitcoin-transactions","status":"publish","type":"post","link":"https:\/\/www.wakilsahab.in\/news\/india-s-supreme-court-pushes-govt-to-check-bitcoin-transactions\/","title":{"rendered":"India\u2019s Supreme Court Pushes Govt to Check Bitcoin Transactions"},"content":{"rendered":"<p>Source &#8211;\u00a0<strong>cryptocoinsnews.com<\/strong><\/p>\n<div class=\"insert-post-ads\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: inherit; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline; clear: both; float: left; width: 849.875px;\">\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">India\u2019s Supreme Court has demanded the country\u2019s central bank and the government to check for bitcoin transactions in relation to terrorism funding and money laundering.<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">\u00a0<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">According to a regional report today, the Supreme Court of India \u2013 the highest and final court in the country \u2013 has given the central government and the Reserve Bank of India (India\u2019s central bank) a four-week deadline to \u2018examine all security related issues pertaining to virtual currencies including bitcoin.\u2019<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">\u00a0<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">The Supreme Court is also seeking information on the steps taken by the government and the RBI to ensure digital currencies aren\u2019t used for terror funding and money laundering.<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">\u00a0<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">A separate report by LiveMint today cites insiders in revealing that the government is looking to track bitcoin transactions via the central bank and SEBI, India\u2019s capital markets regulator.<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">\u00a0<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><span style=\"color: #343e47; font-family: proxima-nova-1, proxima-nova-2, 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif;\"><span style=\"font-size: 20px;\">India is currently exploring the regulatory and legislative future of digital currencies in the country via an inter-governmental committee tasked to study and propose a framework for digital currencies.<\/span><\/span><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">\u2018The panel discussed the possibility of asking India\u2019s central bank, the Securities and Exchange Board (Sebi), the revenue department and Financial Intelligence Unit to develop infrastructure for observing transactions in virtual currencies,\u2019 the LiveMint report claims, citing people familiar with the matter.<\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">India\u2019s finance minister held an inter-ministerial meeting in late June to examine and discuss risks related to virtual currencies like bitcoin.<\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\"><\/div>\n<div class=\"mobile\" style=\"box-sizing: border-box; border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">The panel is expected to return a report this month. By nearly every account, Indian authorities are set to regulate the local bitcoin industry and even tax bitcoin adopters. A ban is highly unlikely.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.wakilsahab.in\/news\/india-s-supreme-court-pushes-govt-to-check-bitcoin-transactions\/\"\n\t\t\t  \tdata-numposts = \"5\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground:  !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Source &#8211;\u00a0cryptocoinsnews.com India\u2019s Supreme Court has demanded the country\u2019s central bank and the government to check for bitcoin transactions in relation to terrorism funding and money laundering. \u00a0 According to a regional report today, the Supreme Court of India \u2013 the highest and final court in the country \u2013 has given the central government and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[340,339,7],"class_list":["post-593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-transactions","tag-indias-supreme-court","tag-supreme-court"],"_links":{"self":[{"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/posts\/593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/comments?post=593"}],"version-history":[{"count":1,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/posts\/593\/revisions"}],"predecessor-version":[{"id":1216,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/posts\/593\/revisions\/1216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/media\/1215"}],"wp:attachment":[{"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/media?parent=593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/categories?post=593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wakilsahab.in\/news\/wp-json\/wp\/v2\/tags?post=593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}