Government increased surveillance on Bitcoin transactions
The government is closely watching the companies that are involved in betoken transactions so that it can not be used to raise money from the Bholabhai people.
The price of virtual currency bitcoin has risen sharply in the world market over the past few months. Although it has not been regulatory controls in India yet.
The Ministry of Corporate Affairs is closely monitoring the companies who receive bitcoin in transactions.
In addition to the Regional Directors of the Serial Fraud Investigation Office (SFIO), the Ministry has instructed the Registrar of Companies to get information from the companies that have bidcoin transactions.
BJP leader and MP Kirit Somaiya raised this issue seriously by expressing serious concerns about the illegal trade of Bitcoin. The Ministry has given information about this initiative.
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