Mumbai:
The Reserve Bank of India has expressed concern over the rise of
“virtual currencies” which are the likes of bitcoin. The concerns have
been voiced at a time when the US authorities have cracked down on a
virtual currency company “Liberty Reserve” alleging that it was involved
in money laundering. Virtual currencies or crypto currencies have also come under
the focus of the police. D Sivanandhan, former DGP Maharashtra & CP
Mumbai, and Security Adviser, Central Security Cell, RBI, recently said
crypto currency are becoming major avenue for money laundering...........
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