Cryptocurrency illegal: Nasscom

Nasscom president Debjani Ghosh Thursday said cryptocurrencies were illegal and asked players to obey the law and seek clarification from the government if they are unhappy with it. Ghosh said from Nasscom perspective, it was very clear that cyptocurrencies were illegal. "It is law of the land and hence, we have to work with it. If we do not agree, we have to go back to the government and speak about why cryptocurrenciesaren't correct," she said. Cryptocurrency players have reportedly raised concern over police action against them. Founders of Unocoin, Sathvik Viswanath and B V Harish were recently arrested for opening Bitcoin ATM in the city in violation of RBI norms, police said. Ghosh said Nasscom had not gone into the details of the Unocoin case and were waiting for it. "The genesis of this problem, however, lies in the failure of policymaking not keeping pace with rapid technological changes. Nasscom's focus would be to say, how do you synergise technological ...

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