RATE Group | Indian Ministry Reveals Investigations Into Bitcoin Businesses
83326
post-template-default,single,single-post,postid-83326,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Indian Ministry Reveals Investigations Into Bitcoin Businesses

18 Mar Indian Ministry Reveals Investigations Into Bitcoin Businesses

Posted at 11:22h in Cryptocurrency News by

[ad_1]

A filing submitted in the lower house of India’s parliament — the Lok Sabha — has revealed an investigation into fraudulent practices by so-called “bit coin companies” operating in the country. 

An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on March 16.

Indian politician requests investigation into regulatory status of crypto companies

Faizal asked the Minister of Corporate Affairs three questions relating to cryptocurrency companies in India. Firstly, he asked if the government is aware of an increasing number of reports alleging “cheating and fraudulent practices by bit coin companies.”

He also asked if said crypto firms “are repeatedly violating rules laid out by the Corporate Affairs Ministry by not filing annual balance sheets,” lastly requesting details concerning any action taken against the offending companies.

Only two crypto companies…

[ad_2]

Source link

Tags:
, , , , ,