The Government of India has set up committee that will decide the future of Bitcoins and other virtual currencies in India. Help me answer these questions and send well informed suggestions to policy makers.

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a)Whether Virtual Currencies (VCs) should be banned, regulated or observed?

b) In case VCs are suggested to be regulated: i). What measures should be taken to ensure consumer protection? ii). What measures should be taken to promote orderly development of VCs. iii). Which appropriate institution(s) should monitor/ regulate the VCs?

c). In case VCs are not suggested to be regulated:

i). What should be the effective self-regulatory mechanism? ii). What measures should be adopted to ensure consumer protection in this scenario?

submitted by /u/girlfrommars21
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247 Bitcoin

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