RBI Warns of Perils of Bitcoins, Crowdfunding

Mumbai: Reserve Bank of India Deputy Governor R Gandhi on Tuesday said finance sector watchdogs are closely watching emerging instruments like bitcoins and crowdfunding, as they are seeking to operate in a "regulatory free" environment. "For one thing, they both hope to operate in a regulatory free environment...(but) unregulated financial systems have immense scope of depriving the public of their hard-earned money and therefore hi...