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Indian Finance Ministry panel proposes rejecting use of Bitcoin, other virtual currencies

( August 3, 2017, 05:03 GMT | Insight) -- A panel formed by India's Ministry of Finance in April to brainstorm measures to deal with virtual currencies such as Bitcoin has recommended that the government "take immediate measures" to stop their use due to the risks of fraud and money ...A panel formed by India's Ministry of Finance in April to brainstorm measures to deal with virtual currencies such as Bitcoin has recommended that the government "take immediate measures" to stop their use due to the risks of fraud and money laundering, the Financial Express reports. The panel, however, came short of proposing a complete ban on such currencies, the paper reports, quoting unnamed officials....

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