Read to know how the government is planning to nip Bitcoin in the bud
Bitcoin, the crypto currency that hit the news for its promise of easy money, touched shocking highs and lows in a short span of past few months. Yet it spawned a worldwide craze among speculators as well as common investors. Though there is still no consensus among governments and central bankers on the status of crypto currencies, Finance Minister Arun Jaitley clarified in his Budget speech that crypto currencies were illegal and the government would not recognise them. However, there's more to the issue than Jaitley's clarification. The government is making an elaborate policy to nip crypto currencies in the bud, that is before they are in a position to facilitate the black economy or harm gullible investors. A group under the chairmanship of Subhash Chandra Garg, secretary, department of economic affairs is in the last stages of deliberation, and is expected to come out with the government's approach on the entire spectrum of issues ...