......The Reserve Bank of India had earlier issued a statement in which it had "cautioned the users, holders and traders of Virtual Currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to". Daki has written to the RBI twice, once before the raids and once after, but has not received a response. "We are not going to launch Laxmi Coin unless clear guidelines from RBI (which) are published. Coming to the raid, we see it as very constructive development in multiple ways. First, it shows that digital currency has received much awaited attention from RBI. Today or tomorrow RBI has to add more clarity on the digital currency framework and allowed mode of operation. Second, it's good that RBI is alert enough and .........
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