The government has said the circulation of virtual or digital/crypto currencies has been a cause of concern and invited comments from public on the virtual currencies framework. The Ministry of Finance said on microblogging site Twitter that the last date to give comments on the government's website - mygov.in - is May 31, 2017. Virtual or digital currency is an unregulated, digital form of money that can be bought with regulated currencies - such as dollars and euros - and stored in an online wallet. Virtual currencies can be spent online and in the physical world for goods and services. The popular virtual currency Bitcoin hit an all-time high above $1,400 against dollar earlier this month.
Comments/suggestions from public invited on Virtual Currencies Framework by 31.5.2017 on website: MyGov.in.
Link is:h ttps://t.co/CWbcsNidkL&m dash; Ministry of Finance (@FinMinIndia) May 21, 2017
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